Zelestra, a global renewable energy company, has acquired a majority stake in East Energy GmbH, a developer of multi-technology energy solutions based in Rostock, Germany. This acquisition includes CropEnergies‘ 25% share and additional shares from East Energy Verwaltungs GmbH, making Zelestra the majority owner. This strategic partnership strengthens Zelestra’s position in the German renewable energy market, complementing its existing organic growth efforts. East Energy has over 2 GW of photovoltaic, battery storage, wind, and Power-to-X projects (including green hydrogen and eMethanol), which will significantly boost Zelestra’s capabilities. Through this acquisition, Zelestra aims to advance Germany’s energy transition, offering carbon-free electricity and energy products.
Zelestra acquires majority stake in East Energy GmbH
Zelestra’s acquisition includes projects in photovoltaic, onshore wind, battery storage, and green hydrogen, expanding its service offerings. (Image Source: Zelestra)
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