Proactive Group

CBD Energy snags Germany’s SOLON SE as cornerstone shareholder


Diversified renewable energy company CBD Energy (ASX: CBD) has reported that one of the largest manufacturers of solar modules in Europe, Germany's SOLON SE (ETR: SOO1), has increased its shareholding in CBD to 18.6 per cent of shares on issue.
SOLON previously owned 9.27 per cent and has now acquired the shares of another German based company, I-Sol Ventures, consolidating SOLON's interest and business connection with CBD.
SOLON distributes solar energy equipment in Australia through CBD, giving CBD an alternative European quality product to add to its range.
Last month, through CBD as its agent, SOLON concluded an agreement to supply solar modules to Australian renewable energy company, Bright Generation, to enable the launch of Bright Gen's new technology which for the first time combines solar electricity and hot water in the one system.

CBD last traded at 13 cents.

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