Hamburg-based investor Jörn Reinecke is joining Dortmund-based photovoltaic project developer ON Energy and has acquired 50 percent of the company’s shares through his company Green FOX Energy (GFE).
Reinecke is the founder and majority shareholder of Hamburg-based GFE and is a successful solar and real estate investor. With his entry, and additional capital, ON Energy is aiming to achieve faster growth in its core business – the planning and development of photovoltaic projects. GFE and ON Energy plan to realise synergies initially and primarily in the area of developing photovoltaic and wind projects.
Jörn Reinecke: “Joining ON Energy perfectly complements Green FOX Energy’s strategic commitment. What convinced me was the strong founding team of Dr Oliver Klein and Norman Luth as well as their innovative approach to the acquisition of land for the development of renewable energy projects. ON Energy and Green FOX Energy share the vision of a climate-neutral and sustainable energy supply. Our joint mission, through this partnership, is the rapid development of a clean, secure and affordable energy supply in Germany that is based on renewable energy. Green Fox Energy is moving forward according to their growth path that was announced last year.”
Dr Oliver Klein – founding partner of ON Energy together with Norman Luth: “In Jörn Reinecke and Green FOX Energy, we have an experienced partner with expertise in the field of renewable energies at our side, with whom we can use synergies and advance sustainable, future-proof projects at an even faster rate in cooperation with our municipal partners in the communities where our projects are located.”
In the future, 48 employees will be located and working in Dortmund and Hamburg.
