Solar Millennium sells additional investments

Schoeller Renewables GmbH, headquartered in Pullach im Isartal, has acquired Solar Millennium AG's shares in PV Power Holding GmbH, headquartered in Erlangen. Solar Millennium AG had a 50 percent holding in the company, which develops photovoltaic projects in Italy.

The shares in Blue Tower GmbH, headquartered in Herten, were also sold. Roughly 75 percent of the company was held by Solar Millennium AG. Blue Tower markets the so-called "Blue-Tower technology," which is used to extract carbon-neutral gas through the decomposition of biomass. The buyer is Concord Blue Engineering GmbH, headquartered in Düsseldorf. The parties have agreed not to disclose the purchase price of the two disposals.