- total investment rises to over 1.5 billion euros
- project development volume of over 1.5 GWp secured through transaction
- convertible project volume of Green FOX Energy rises to more than 2 GWp
Dortmund/Hamburg. Hamburg-based investor Jörn Reinecke is joining Dortmund-based photovoltaic project developer ON Energy and has acquired 50 percent of the company’s shares through his company Green FOX Energy (GFE).
Reinecke is the founder and majority shareholder of Hamburg-based GFE and is a successful solar and real estate investor. With his entry, and additional capital, ON Energy is aiming to achieve faster growth in its core business – the planning and development of photovoltaic projects. GFE and ON Energy plan to realise synergies initially and primarily in the area of developing photovoltaic and wind projects.
Jörn Reinecke: “Joining ON Energy perfectly complements Green FOX Energy’s strategic commitment. What convinced me was the strong founding team of Dr Oliver Klein and Norman Luth as well as their innovative approach to the acquisition of land for the development of renewable energy projects. ON Energy and Green FOX Energy share the vision of a climate-neutral and sustainable energy supply. Our joint mission, through this partnership, is the rapid development of a clean, secure and affordable energy supply in Germany that is based on renewable energy. Green Fox Energy is moving forward according to their growth path that was announced last year.”
Dr Oliver Klein – founding partner of ON Energy together with Norman Luth: “In Jörn Reinecke and Green FOX Energy, we have an experienced partner with expertise in the field of renewable energies at our side, with whom we can use synergies and advance sustainable, future-proof projects at an even faster rate in cooperation with our municipal partners in the communities where our projects are located.”
In the future, 48 employees will be located and working in Dortmund and Hamburg.
About Green FOX Energy
Green FOX Energy is an independent developer, power producer and portfolio holder for renewable energy plants. The company is based in Hamburg and develops, acquires and operates high-performance plants across all project phases. Their focus is on solar and wind energy as well as storage facilities, primarily in Germany and Spain. The aim is to generate stable, predictable income through long-term power purchase agreements or fixed feed-in tariffs. The GFE team combines industry experience, development, and financing expertise in renewable energy with a track record of more than 2.5 GWp. GFE promotes a secure and clean energy supply and adds value to a sustainable green future.
About ON Energy
ON Energy GmbH is a developer of ground-mounted PV plants and wind turbines. The business model of the Dortmund-based planner and project developer of ground-mounted photovoltaic systems and wind turbines focuses on the development of projects ready for construction. The long-term operations are carried out together with partners from the German energy industry and local players in the communities where the plants are located.
Further information on ON Energy GmbH: www.on-energy.com/
About Jörn Reinecke
Jörn Reinecke is a Hamburg-based investor who focuses on the business areas of renewable energy, real estate, logistics and digital business models in his investments through FOX Group.
Green FOX Energy GmbH
Senior Marketing & Communication Manager
Große Elbstraße 61
+49 (40) 238 311 144