Investment in Swimsol GmbH, an offshore solar power developer in the Republic of Maldives
Investment Date: June 14, 2019
Related News
This is a project to explore further investment opportunities in the offshore solar power field, where the market is expected to scale, through an investment in Swimsol GmbH (Swimsol) that has accumulated knowledge and achievements in the respected field.
Investment Highlights
Swimsol has developed the world's first marine-grade floating photovoltaic system, the Solar Sea®. This solar power generation system is suitable for coastal areas and islands where solar power resources are abundant and land is scarce. 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 contribute to Swimsol’s strong business foundation. We also aim to establish a collaborative system with Swimsol that leverages our global network and know-how in renewable energy to further develop Swimsol’s business and maximize its enterprise value.
Posted on June 12, 2019