Cologne – Luther Rechtsanwaltsgesellschaft has advised Eneco Ventures, the venture capital arm of Dutch energy provider Eneco, on an investment of EUR 3 million in Cologne-based start-up Sunvigo. Eneco is investing in Sunvigo together with Sparta Capital, a UK renewable energy investor.
Sunvigo has a novel customer offering that Eneco wants to help develop. The Cologne-based start-up offers the integration of a rooftop solar system in an electricity contract - customers can thus install photovoltaic systems on their roofs for a monthly fee.
This investment by Eneco fits perfectly into the further development of Eneco Ventures' investment portfolio in Germany. With the support of Luther, Eneco Ventures also recently invested in their venture portfolio company Installion, a provider of craft services in the PV market.
Hans Cool, Investment Director at Eneco: “At Eneco, we are excited about becoming a shareholder and so support Sunvigo. We thank Philipp and his colleagues at Luther for their highly professional yet pragmatic deal support, which was instrumental in making this investment a reality.”
Eneco is a global renewable energy company based in Rotterdam, the Netherlands. It operates in the Netherlands, the UK, Germany and Belgium with more than 2,800 employees.
On behalf of Eneco:
Luther, Intellectual Property Law: Dr Katharina Preuss (Senior Associate)
Luther, IT & Data Protection Law: Franziska Neugebauer (Associate)
Luther, Employment Law: Katharina Müller, LL.M. oec. (Partner)