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German software co Solytic buying PV monitoring portal from SolarWorld

SolarWorld installation. Image source: SolarWorld Americas Inc.

January 30 (Renewables Now) - Solytic, a solar monitoring software developer that counts Swedish utility Vattenfall as a strategic investor, is buying an online portal for solar power systems from insolvent German photovoltaic (PV) modules maker SolarWorld.

More specifically, Berlin-based Solytic has agreed to take over Suntrol Portal and start operating it as from March 8, 2019. The value of the transaction was not disclosed.

The portal being acquired monitors all key performance and production data of more than 23,000 solar plants with a combined capacity of close to 330 MWp. It provides access to this data free of charge to about 27,500 registered users around the world.

In 2017, Solytic planned to cooperate with SolarWorld to modernise the portal and after the latter’s second bankruptcy the software firm started running Suntrol on its own servers to secure all data. Now, Solytic intends to continue to fulfil the initial plan, it said.

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Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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