Press release from June 3rd, 2025

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

Berlin, June 3rd, 2025 – Saxovent Renewables, part of the independent Berlin-based investment company Saxovent, has acquired significant operational 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 every year – as well as the takeover of a large part of the associated project team.

The takeover not only strengthens the Saxovent Group’s presence in northern Germany, but also significantly expands 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 field of renewable energies will be consistently continued.
• 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, decentralised 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.

GLS Bank is supporting the financial side of the transaction.

Photovoltaic project developer Fellensiek had been forced to file for insolvency in September 2024. The transaction was carried out as part 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 specialises in corporate succession.