Funding and M&A Roundup: Belectric’s European Solar Business Acquired by Elevion Group

AES Corporation acquires Community Energy to boost its solar and storage project pipeline

December 26, 2021

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Czech utility CEZ’s Elevion Group has acquired the European solar operations of Belectric Group. The acquisition covers a 100% stake in the German-based Belectric and other European parts of the Belectric Solar & Battery Group, such as Belectric France, Belectric Solar, Belectric Italia, and Belectric Israel. The acquisition is in line with the Elevion Group’s strategy that envisages covering the entire business chain in the field of climate-neutral solutions. The acquisition helps Belectric access new customers and the possibility of significant synergies in the advanced energy solutions sector.

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