1komma5° acquires Australia's Arkana Energy

German solar tech developer 1komma5° has strengthened its presence in the Australian market with the acquisition of Arkana Energy Group. From pv magazine Australia Germany-based 1Komma5° has continued its planned AUD 100 million ($65 million) spending spree to secure a major market share in Australia's renewable energy transition with the acquisition of Gold Coast-based Arkana Energy Group. Philipp Schröder, CEO of 1Komma5°, said the transaction is the company's fourth investment in Australia. "This expansion in Australia is our biggest investment to date," he said, noting that the acquisition ...

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