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Elevion Group acquires German photovoltaic developer Belectric

Elevion Group, an energy service provider and the subsidiary of the Czech Republic’s largest renewable electricity producer ČEZ Group acquired the European part of the German-based photovoltaic power plant developer Belectric. The acquisition is expected to enable Elevion Group’s expansion in the solar market.

“The Elevion Group is one of Germany’s largest companies in the field of modern energy solutions that focus on sustainability and climate neutrality. […] Our customers are very interested in producing their own climate-neutral electricity, thus we decided to team up with a very successful player in this field”, said Jaroslav Macek, the CEO of Elevion Group, adding that “the German and the entire European photovoltaic market will continue to grow significantly and that creates huge opportunities for established companies like Belectric that operate in the renewable energy construction sector.”

Elevion Group is one of Europe’s leading energy service providers in the field of modern energy solutions that focus on sustainability and climate neutrality. In addition to Germany, the Group operates in nine countries including in the CEE region’s Czech Republic, Hungary, Poland and Romania.

Photo source: CEZ Group

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