Investment in Swimsol, a developer of offshore solar PV in the Republic of Maldives
Investment Date: June 14, 2019
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We have invested in Swimsol GmbH ("Swimsol"), a company with expertise and achievements in offshore solar PV. This project explores further investment opportunities in this field, which is expected to grow.
Investment Highlights
Swimsol has developed the world's first marine-grade floating photovoltaic system, the Solar Sea®. This system is designed for coastal areas and islands with abundant solar resources but limited land availability. Swimsol has experience in developing small and medium-sized commercial floating photovoltaic systems for both private and public customers. The company is currently operating in the Republic of Maldives.
Industry Perspectives and Future Actions
This capital increase will strengthen Swimsol's business foundation. We also aim to establish a collaborative system with Swimsol that leverages our global network and knowledge in renewable energy to further develop the company's business and enhance its overall success.
Posted on June 12, 2019