Singapore-based Conergy, a solar energy company that has built plants in Thailand and other southeast Asian countries has been acquired by fund groups managed by Tennenbaum Capital Partners, LLC and Goldman SachsBDC Inc.
Kawa Solar Holdings sold Conergy to the funds for an undisclosed sum.
Conergy, formerly owned by Kawa Solar Holdings, specializes in the development, design, finance, build and long-term asset management of commercial, industrial and utility-scale solar power systems. It has installed almost 2 gigawatts of capacity globally.
The Company has operations in Japan, Australia, Thailand, the Philippines, Myanmar and Germany.
Conergy entered the Thai market in 2006 and has built more than 132 megawatt peak (MWp) of solar electricity capacity in key locations such as Ayutthaya, Lop Buri, Suphanburi and Kanchanaburi.