The energy sector faces the challenge of meeting global climate targets while also satisfying the growing demand for energy. The demand for clean, reliable, and affordable energy sources and solutions is at an all-time high and continues to rise. Providers like the green tech company PLAN-B NET ZERO must develop strategies to address these challenges.

One approach that has provenparticularly effective in this complex and dynamic environment is the‘Buy & Build strategy, which offers an efficient way to expand market presence, integrate expertise and technological innovations, and ultimately accelerate the expansion of photovoltaics as well as other renewable energies.

A strategy with perspective

Buy & Build describes the targeted acquisition of specialised companies by an already established company to expand its expertise and market share. Such partnerships allow for the expansion of offerings and value chains, achieving economies of scale. The combination of different expertise results in an ever-growing range of available solutions and technologies that can be bundled and customised for individual customer needs.

Expert analysis: Key challenges and opportunities for the European renewable energy market

Especially in the energy sector, which is increasingly shaped by technological breakthroughs and the integration of new renewable energy sources, this strategy offers clear advantages. The goal is toleverage synergies between companies and combine their expertise to strengthen customer offerings, market positioning, and innovation capabilities.

This approach is also pursued by the Green-Energy startup PLAN-B NET ZERO, which provides comprehensive energy solutions for businesses and private customers. The company covers the entire value chain in the renewable energy sector: from project development and construction to operation and marketing of the generated electricity. To manage this complex range of services, PLAN-B NET ZERO relies on its Buy & Build strategy.

Solar Investors Guide: ELTIF & PPA – funding solar projects

Through the Buy & Build strategy, we can bring together the ‘best in their field’ under one roof. Through collaboration, we create a range of possibilities necessary to truly drive the energy transition forward. Collaboration is the key point – providers unite specialised companies through acquisitions and further develop them together. The strategy ensures that the “platform company” has access to specific expertise whenever needed and has a suitable solution provider within its own group for every scenario.

Diverse advantages for the energy sector      

Faster market access and diversification: Building new business areas independently is time- consuming. Buy & Build allows companies to leverage existing structures and resources to expand into new market segments quickly and effectively. Speed is crucial in the energytransition to provide essential technologies and solutions. A Buy & Build strategy facilitates diversification into future-oriented fields such as energy storage solutions, e-mobility, and smart grids.

Accelerating photovoltaic expansion in Europe: By acquiring and integrating specialised solar companies, larger energy providers can streamline the development and deployment of photovoltaic projects. This approach enables faster grid integration, cost reductions through economies of scale, and the rapid rollout of solar infrastructure across multiple regions. Additionally, a unified network of companies can facilitate technological advancements andregulatory compliance, ensuring that solar power becomes an even more dominant force in Europe’s renewable energy mix.

Simplified adaptation of power grids: The energy transition presents enormous challenges for infrastructure, particularly power grids. The shift from centralised energy production inlarge power plants to a decentralised structure with numerous solar and wind power plants requires comprehensive adjustments. Additionally, there is a spatial discrepancy between energy production and consumption: coastal regions with high offshore wind potential contrast with cities and industrial centers inland that have the highest energy demand.

Solar Investors Guide podcast: Trends and opportunities for investors

Buy & Build strategies offer a potential solution to these challenges. By bringing companies together, the necessary expertise and resources can be pooled to efficiently expand power grids, integrate and utilise decentralised energy sources more effectively. The combination of various components, such as rooftop photovoltaics, wind turbines, effective storage solutions, and prospective technologies like hydrogen, is a crucial step toward decentralising the power grid.

Buy & Build as a key to climate neutrality

Achieving climate goals requires comprehensive solutions that impact the entire energy value chain— from generation and storage to the distribution of green electricity. Buy & Build enables these areas to be efficiently connected and innovations to be advanced more rapidly.

Artificial intelligence: The key to transforming renewable energy systems?

When multiple players in the renewable energy sector unite under one roof, they can respond more efficiently and quickly to the growing demand and actively contribute to the energy transition. In the context of the energy transition, the Buy & Build strategy is not just a business growth strategy but a key instrument for achieving climate targets and driving the necessary CO₂ reduction. The strategic consolidation of companies promotes the availability of fully integrated energy solutions. (Bradley Mundt/hcn)





Source link



In November 2023, the Greek subsidiary of the Juwi Group, Juwi Hellas, acquired a photovoltaic portfolio with a total capacity of 267 megawatts (MW), consisting of three clusters (160 MW, 40 MW and 67 MW), from Hive Energy Ltd. The projects have now been sold to Foresight and Mirova. They are located in the central Greek regions of Fthiotida and Larissa, around 300 kilometres north of Athens. Juwi will realise the project portfolio as an EPC service provider and is therefore responsible for the technical design (engineering), component purchasing (procurement) and construction. Construction of the plants is scheduled to begin in August 2024, with commissioning planned for the first quarter of 2026. After commissioning, Juwi will take over the technical operation and maintenance (O&M) of the solar plants.

16,000 single-axis tracking systems

A total of around 430,000 bifacial solar modules and over 800 string inverters will be installed in the projects of the former Hive portfolio. Around 16,000 single-axis tracking systems will ensure that the system’s solar modules follow the daily path of the sun. The PV systems will thus generate a total of around 515 million kilowatt hours of clean electricity per year. This is roughly equivalent to the electricity requirements of more than 100,000 Greeks. The solar park covers an area of around 430 hectares and is therefore the size of more than 600 football pitches.

See also: EU solar market reaches record heights

With the Hive and Foresight Mirova transaction and the resulting commissioning, MVV’s project development company Juwi has successfully and repeatedly benefited from its proven diversified business strategy, which includes both in-house development and the acquisition of mature project rights: Current examples include the 204 megawatt solar park in Kozani, Greece, and the 223 megawatt Pike solar park in Colorado, US.

“Juwi currently has a pipeline of 500 megawatts of solar projects in various stages of development in Greece. With a total capacity of 267 megawatts, the solar portfolio of Foresight and Mirova will be the largest in our company’s history. This underlines our role as one of the leading project development companies in selected foreign markets,’ emphasises Stephan Hansen, COO of the Juwi Group and responsible for international business. Selling the portfolio to Foresight and Mirova and signing the EPC and O&M contracts was a positive step, comments Takis Sarris, Managing Director of Juwi Hellas. ‘We are confident that we will deliver state-of-the-art projects.’

Also interesting: Olympic opening ceremony on the Seine using electric boats

Looking forward to realising this investment in the Greek renewable energy sector, Diomidis Dorkofikis, Partner at Foresight, said: ‘The joint venture with Mirova brings together considerable expertise and resources and it has been a pleasure to work with Juwi on this transaction. This investment is in line with our vision to support sustainable and profitable energy infrastructure projects.”

This is Mirova’s third investment in Greece with MET5, emphasises Helene Dimitracopoulos, Investment Director at Mirova: ‘The expertise and ambition of Mirova and Foresight have aligned seamlessly in this transaction. We trust Juwi for its unique global and local experience both as a developer and as an EPC contractor.” The project is seen as a milestone on Greece’s path to a greener future. (nw/mfo)





Source link