EON SE plans to expand sales of solar panels in Germany to profit from the nation’s unprecedented shift toward renewable power.
The utility will team up with U.S. rooftop-solar developer Sungevity Inc. to target customers in Munich and Berlin, before extending sales farther afield, the companies said Monday in an e-mailed statement.
EON, part of a group that invested $70 million in Sungevity last year, is expanding its solar business as it prepares to spin off fossil-fuel plants. The Dusseldorf-based company is among utilities adapting to Germany’s changing energy landscape, which includes the shutdown of all nuclear reactors and a move toward 45 percent renewables output by 2025.
“Germany is one of the world’s leading solar markets,” Sungevity Chief Executive Officer Andrew Birch said in the statement. EON will use software from the Oakland, California-based company to show customers what kind of solar equipment they need and how much power it will generate.
Germany’s biggest utility has already worked with closely held Sungevity in the Netherlands. The U.S. developer also has sales and marketing relationships with the Sierra Club, home-improvement store chain Lowe’s Cos Inc. and General Electric Co.