With the increasing investor demand for professional asset management services of wind & solar assets, the acquisition enables Greensolver to deepen its portfolio and expand its offering in the UK and further European countries.
ENTAP was set up in 2006 by the specialist investment manager Platina Energy Partners to provide integrated technical and commercial management services to its wind and solar asset portfolio. As a pioneer in the sector, ENTAP benefits from a strong background in asset management in many different European markets. Under the terms of the agreement, ENTAP will join the Greensolver brand to consolidate its service offering including procurement and contracting, due diligence, construction and asset management. The deal will see Greensolver expand its portfolio of European managed assets from 488MW to 1.2 GW.
“Entap is yet another example of Platina creating successful businesses in the renewable space and we are really happy to have found in Greensolver a company that shares our philosophy on service orientations. We are fully confident about the integration of the teams into their organization, and that the best practices we have developed over the last decade will contribute to the success of Greensolver in the coming years.” comments Alexandre Labouret – Managing Partner – Platina Partners.
The ENTAP team will join up the existing Greensolver team of engineers and accountants. Greensolver gains 3 additional offices in Ireland, Cyprus & Spain.
“This is the second external growth for Greensolver. In 2015, we merged with PLY Energy to expand our services in Northern Europe, and it has been a real success. With the ENTAP acquisition, we are reaching another level. We now benefit from an operational presence in 9 countries, amongst which we can find 4 of the most dynamic & promising markets: France, Netherlands, Ireland & Spain. We can also capitalize on our expanded and very experienced team to reach our objective and provide investors with services that truly meets their requirements.
Therefore, we will continue to deliver results & expertise, create value and strengthen our presence in the UK with a London based team, while continuing to offer Greensolver’s leading technical due diligence and construction services.” adds Guy Auger – Greensolver CEO.