PNE takes over Spanish solar project developer Coliaenergia

Cuxhaven, Germany-based renewable energy project developerPNE AG has entered the Spanish market with the acquisition of a 51 percent stake in solar project developer Coliaenergia España (Kolya). According to PNE, the transaction of the shares from the previous owners Consultoria Industrial Beaguihe and Garisun Renovables was carried out for a price »in the single-digit million range», but still includes a large project pipeline with a volume of 1.8 gigawatts (GW). Of this, about one GW is being developed as Kolya’s own projects and 800 megawatts on behalf of third parties.
With the acquisition, PNE is now pursuing a total of 4.2 GW of PV projects in Europe, Africa and North America. Founded in 1995 as »Windpark Marschland GmbH«, the company has been active in the PV project sector for around three years now.

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