Solar Millennium sells additional investments

Solar Millennium AG’s insolvency administrator, Volker Böhm, has sold additional investments of Solar Millennium AG to investors.

Schoeller Renewables GmbH, headquartered in Pullach im Isartal, has acquired Solar Millennium AG’s shares in PV Power Holding GmbH, headquartered in Erlangen. Solar Millennium AG had a 50 percent holding in the company, which develops photovoltaic projects in Italy.

The shares in Blue Tower GmbH, headquartered in Herten, were also sold. Roughly 75 percent of the company was held by Solar Millennium AG. Blue Tower markets the so-called "Blue-Tower technology," which is used to extract carbon-neutral gas through the decomposition of biomass. The buyer is Concord Blue Engineering GmbH, headquartered in Düsseldorf. The parties have agreed not to disclose the purchase price of the two disposals.

Solar Millennium AG (ISIN DE0007218406), Erlangen, is a company that operates globally in the renewable energy sector, with its main focus on concentrated solar power plants. Together with its subsidiaries and associates, the Company specializes in concentrating solar-thermal power plants, particularly parabolic trough plants.

The Company covers all important business sectors along the value chain for concentrated solar power plants: from project development and financing to technology and the turnkey construction and operation of solar power plants. Solar Millennium realized Europe’s first parabolic trough solar power plants in Spain as well as the first modern parabolic trough solar field in Egypt.