Goldman, Tennenbaum acquire Singapore-based solar power company Conergy

Conergy has installed almost 2 gigawatts of capacity globally.

According to a release, certain funds managed by Tennenbaum Capital Partners, LLC (TCP) and Goldman Sachs BDC, Inc. (GSBD), a business development company managed by Goldman Sachs Asset Management have signed a definitive agreement that acquired the Company from Kawa Solar Holdings.

Conergy focuses on the development and asset management of commercial, industrial and utility-scale solar power systems.

Conergy has served as an EPC contractor and offshore and marine service provider for around a half gigawatt of solar plants.

It also has 2 gigawatts of capacity installed around the world.

Conergy chief executive officer Alexander Lenz said, “TCP’s and GSBD’s extensive experience and access to capital will strengthen Conergy’s financial position, enhance our capabilities, and allow us to pursue new business opportunities in the region and execute our plans for growth in Australia, the emerging markets of Southeast Asia and Japan.”