The Hamburg-based investor Jörn Reinecke and his company Green Fox Energy have acquired a 50% share in the Dortmund-based photovoltaic project developer ON Energy.

With this transaction, Green Fox Energy secures a project development volume of 1.5 gigawatts in Germany. More than 150 megawatts of solar projects are expected to be connected to the grid by 2024.

Green FOX Energy is an independent developer, power producer and asset manager. The Hamburg-based company develops, acquires and operates plants in all project phases. Its focus is on solar and wind energy and energy storage facilities, predominantly in Germany and Spain.

ON Energy is a medium-sized project developer. Its business model focuses on the development of ready-to-build solar and wind projects.

Tim Stahlberg, Janina Reuther, Jonathan Reuther, Silke Schubbert, Louissa Greppi and Christian Rink advised Green Fox Energy on the transaction and due diligence.