Qair has entered the German renewables market with the acquisition of Green City’s development project portfolio and teams. It is also taking over the two operating units of Green City in Italy and France and their employees, as well as the independent company Green City Operations & Management Munich which is responsible for the management of solar and wind plants. Green City is an integrated project provider for the development, the financing, the construction, and operation of renewable energy assets located in Munich, Germany.
Qair ultimately prevailed because the company can offer Green City the best chance of success in the future. Qair’s offer convinced us the most conceptually, structurally, and financially and is the best solution for both the numerous creditors and the employees of Green City. This will allow Qair group to step into Europe’s largest economy and most mature and dynamic renewable energy market, turning the group into a true pan-European player.