Czech ČEZ to Acquire Minority Stake in German Solar Solution Provider Zolat

Czech ČEZ to Acquire Minority Stake in German Solar Solution Provider Zolat

Date: September 12th 2019

Author: Peter Palčec

Category: Startup

Topic: Electricity , RES and EE , Startup

The Czech power utility ČEZ has decided to acquire a minority stake in Zolar, a German startup provider of digital solutions for rooftop photovoltaic (PV) panels, together with the company BayWa Energy Ventures, reported Pv-magazine.com. Thus, ČEZ and BayWa Energy Ventures will invest EUR 10 million in Zolar.

According to ČEZ, Zolar has developed an online tool enabling homeowners to carry out the planning and purchasing of PV systems. The online ‘configurator’ is said to be able to connect potential customers with PV product distributors and installers. A certified installation technician from a network of partner companies linked to the online platform then carries out the installation of the solar panels.

“Zolar is planning to focus even greater attention in the future on combinations with other technologies, such as energy management and peer-to-peer energy trading,” said Tomáš Pleskač, the director of ČEZ’s new energy and distribution division. Founded in 2016, Zolar markets itself as a one-stop-shop offering components from various manufacturers. The company says homeowners can check the compatibility of parts and combine them according to their requirements into an offer with a fixed price, added Pv-magazine.com

ČEZ currently owns and operates around 120 MW of solar power plant capacities in the Czech Republic and a 5 MW solar park in Bulgaria, concluded Pv-magazine.com.

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