The Group announced in the end of August 2014 that it would acquire a German-based solar corporate, S.A.G. Solarstrom AG (S.A.G.). The acquisition will enhance the Group’s capability in solar project development, EPC (engineering, procurement and construction), PV plant monitoring and O&M businesses in both the European Union and United States region.
S.A.G. is the world’s largest independent PV plant operator and Europe’s biggest solar developer, operating 116 PV plants in Europe and monitoring over 35,000 solar systems globally with a total output of over 8.8 GWp.
S.A.G. provides comprehensive services in solar industry. meteocontrol GmbH (meteocontrol), a wholly owned subsidiary of S.A.G., is one of the world’s largest independent PV plant monitoring service providers.
meteocontrol has extensive PV plant monitoring and O&M experience in the residential, commercial & utility sectors and has one of the world’s largest PV plant performance databases.
Furthermore, S.A.G. is expanding into emerging solar markets, such as the United Kingdom, Turkey, the Middle East, North Africa and Latin America.