Philippine
Daily Inquirer / 05:24 AM August 23, 2018
Green Investment Group
Ltd. (GIG), part of Macquarie Capital, has acquired the solar portfolio of
Conergy Asia & ME Pte Ltd., including the latter’s operations in the
Philippines.
In a statement,
London-based GIG said the acquisition covered Singapore-based Conergy’s
portfolio of solar development assets in the Asia Pacific region, including
commercial, technical and energy storage capabilities as well as an asset
monitoring center in the Philippines.
GIG said it was
welcoming on board 88 solar experts spread out across the Philippines,
Singapore, Australia, Japan and Germany.
This team of
professionals comes with extensive experience in developing 2,000 megawatts of
solar energy projects worldwide, including 500 MW in the Asia Pacific.
“This acquisition
underscores our ambition for [GIG] to advance its position as a world-leading
developer and investor in green energy projects in Asia and globally—across
offshore wind, onshore wind, solar, waste to energy, battery storage and energy
efficiency,” said Daniel Wong, global co-head of infrastructure and energy at
Macquarie Capital.
Conergy chief operating
officer Marc Lohoff said in the statement that Conergy has long been viewed as
a leader in the development, construction and operation of solar projects.
In late 2017, Conergy
Asia & ME said it had ramped up its operations and maintenance (O&M)
services unit in the region to help solar farms in the Philippines raise their
profits as it observed waning productivity among operators in Southeast Asia.
In light of this,
Conergy invested in building an Asia-Pacific monitoring center in Manila,
upgraded software used for round-the-clock monitoring of solar farm
performance, and added headcount to the O&M units serving the Philippines
and the region.
The Singapore-based
firm said its O&M unit now specializes in helping operators of existing
solar farm maximize every kilowatt of energy potential from solar farm
investments.
According to Conergy,
common flaws in solar farm operations include a lack of real time data
analytics, slow repair times, and unavailability of spare parts.
Solar farms are also
beset by insufficient skills of technicians that delays proper identification
and troubleshooting of plant faults, overgrown vegetation and panels that are
too soiled to maximize exposure.
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