Enfinity deal 'shows PV changing'

EverStream is backed by SunEdison

EverStream is backed by SunEdison

The apparent takeover of Belgian PV integrator Enfinity by EverStream Energy Capital Management, a SunEdison-backed private-equity firm, underscores the deep changes underway in the European solar market, according to an analyst. 

The takeover, first revealed by Belgian press earlier this month, was reportedly executed for the sum of €1, allowing Enfinity to avoid bankruptcy.

Only a few years ago Enfinity was an ascendant PV developer with global ambitions, peaking in 2010 as the world’s eighth-largest system-integrator globally, according to market researcher IHS.

Although it developed a handful of projects in North America, and was among the first Western companies to put up a utility-scale array in China, Enfinity’s empire was largely built on the European market – including selling existing plants on Log in to read complete article.

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