Press release from June 03, 2025

Additional projects and technical expertise should further advance Saxovent Renewables’ position as a full-range supplier in the renewable energy market

Berlin, 03. June 2025 – Saxovent Renewables, part of the independent Berlin-based investment company Saxovent, has acquired significant operating parts of the former Fellensiek Group as part of a joint asset deal. The deal includes three rooftop solar portfolios with a total capacity of 13.6 megawatt peak (MWp) – enough to supply around 4,000 households with green electricity each year – as well as the acquisition of a large part of the associated project team.

With this acquisition, the Saxovent Group is not only strengthening its presence in northern Germany, but is also significantly expanding its own rooftop solar portfolio.

• Saxovent Group strengthens its position in the northern German market – and expands its rooftop solar portfolio
• Acquisition includes three portfolios and takeover of a large part of the project team – Expansion of activities in the renewable energies sector to be continued systematically.
• Part of Saxovent Renewables’ strategic growth agenda – the aim is to make a scalable contribution to the energy transition through integrated project development.

Saxovent brings over 25 years of experience in the development of renewable energies – at a time when many are just entering the market. With a focus on medium-sized investments and a growing wind and solar portfolio, the company is pursuing concrete solutions for the energy and climate crisis. In view of the growing need for security of supply, decentralized infrastructure and CO₂ savings, Saxovent is working on concrete solutions with long-term projects.

With its subsidiary Saxovent Renewables, the Berlin-based investment company is not only active as a project developer, but also as an investor and long-term partner for sustainable business models in the energy market. The latest acquisition is part of a clear growth strategy: it is an example of the necessary acceleration in the expansion of renewable energies – not only as a corporate goal, but also as a social responsibility. The aim is to further scale the contribution to the energy transition – technologically, geographically and operationally.

The financial side of the transaction is being handled by GLS Bank.

The photovoltaic project developer Fellensiek had to file for insolvency in September 2024. The transaction was carried out in the course of the Fellensiek Group’s insolvency proceedings under the lead management of PLUTA Rechtsanwalts GmbH. The sales process was managed by the consulting firm GO & Company GmbH, Frankfurt, which specializes in corporate succession.