Wirsol

WIRSOL – A BRAND BELONGING THE WIRCON GROUP (since 2014)
Privately held company
Industry Renewable Energy, Photovoltaics, Wind power
Founded 2013
Headquarters Waghäusel, Germany
Area served
Europe Australia America
Key people

● Markus Wirth

● Peter Vest
Revenue Approx. 150 million euros (2015)
Number of employees
90 (2015)
Website www.wirsol.com

Wirsol (own spelling WIRSOL) is a brand of project developer and energy service company Wircon GmbH.[1] Wircon GmbH was founded in December 2013. Its key activities are the provision of sustainable energy projects, primarily on the German market. The focus of the Wircon Group lies in the fields of large wind and photovoltaic projects; small roof-top photovoltaic systems for private customers; large-scale roof-top photovoltaic systems primarily for commercial customers and sustainable operation of renewable energy plants using these technologies. The company states that it has some 11 000 customers (as of February 2017).

The former Wirsol group was an international project corporation for the planning, construction and financing of renewable energy power plants, in particular solar power plants. The company’s headquarters were located in Germany. Further company offices were located in Spain, Italy, Belgium, Great Britain, Switzerland, Canada, the United States, Brazil, Japan, China, Malaysia and Maldives.[3] On a global level, Wirsol was responsible for the installation of over 7 000 solar systems with a total output of 450 MWp. In autumn 2013 insolvency proceedings were initiated for the Wirsol corporate group, with Wircon GmbH taking over some divisions in March 2014.

Company history

  • WIRSOL was founded in 2003 and the shareholders were:
    • Markus Wirth
    • Hans Wirth
    • Stefan Riel
  • WIRSOL SOLAR AG - traded successfully over the following 10 years with multiple subsidiaries across the world
  • WIRSOL SOLAR AG - had a board (Vorstand) that consisted of:-
    • Markus Wirth
    • Bernd Kastner
    • Nico Krane
    • Stefan Riel (in June 2013 Mark Hogan replaced Stefan Riel and retained MD status at WIRSOL Solar UK Ltd.)
  • During Q1 - 2014 WIRCON GmbH, founded in December 2013 with the assistance of Dietmar Hopp, took over some parts of the German operations of the WIRSOL group. The Wirsol brand has been continued and repositioned.
  • During Q2 - 2014 Mark Hogan / Markus Wirth and Peter Vest established WIRSOL Energy Ltd.
  • Over the period Q1 2015 – Q1 2017 WIRSOL Energy acquired and built 24 projects which were acquired by both Bluefield and Rockfire Capital
  • During Q1 - 2017 WIRSOL Energy Ltd. established the subsidiary WIRSOL Energy PTY Ltd. in Manly
  • During Q1 - 2017 WIRCON GmbH acquired and funded 198MW

Company history prior to the Wirsol group’s insolvency

The company was founded in Waghäusel (District of Karlsruhe in Germany), where its headquarters were also located, on 1 February 2003 by Markus Wirth, Hans Wirth and Stefan Riel as the “Die Hausrenovierer GmbH”. Having increasingly specialized in photovoltaics, in January 2004 the company was renamed “Wirth Solar GmbH”. Due to an imminent legal dispute with Würth Solar GmbH in 2007 the owners decided to change the name again, to “Wirsol Deutschland GmbH”, which became a subsidiary holding of the newly founded “Wirsol Solar AG” holding. In 2010 the Board of Directors was expanded by the founders, with Bernd Kästner becoming the chief financial officer. Nikolaus Krane, previously a member of the Conergy board, assumed responsibility for international finance products, large-scale projects and communications.

To promote business relations in Asia Wirsol set up Wirsol Solar Technology Beijing Ltd., a company site in China and, in June 2012, a site for Southeast Asian activities in Kuala Lumpur, Malaysia.

In October 2013 the Wirsol group initiated preliminary insolvency proceedings. The application was approved by Karlsruhe District Court on 24 October 2013 and a preliminary insolvency administrator was appointed, while the company’s management continued to focus on restructuring the business within the scope of insolvency plan proceedings. Wirsol Solar AG, Wirsol Deutschland GmbH and Wirsol Solar System GmbH fell under this planned insolvency.

Due to its financial difficulties the Wirsol group planned to wind up its “Wind power” division, founded in November 2012, and eight of the company’s employees were given paid leave as of 4 November 2013.

In December 2013 Wirsol E-Mobility GmbH filed for insolvency on the grounds of impending insolvency. This application was approved by Karlsruhe District Court and a preliminary insolvency administrator was appointed. The measures affected three employees.

In March 2014 some parts of Wirsol GmbH’s German operations were taken over by Wircon GmbH. The new owner continued the Wirsol brand and offered employment to 80 of Wirsol’s 300 employees. WIRCON is owned by Dietmar Hopp.[2]

Portfolio

Germany

Wirsol solar test park Bruhrain

In 2007 the company opened the Bruhrain solar test park in close proximity to its headquarters. At that time, a total surface area of 12 hectares made it the largest solar park[3] in the state of Baden-Württemberg. With almost 31 000 modules installed, the plant generates an output up to 2.258 MWp.

In April 2010 the company installed a photovoltaic system at the Hockenheimring German Formula One race track with a rated output of 848.88 kWp. A total of 4 716 solar modules were installed along 405 metres of the track.[4]

One of the largest projects finalized by Wirsol in the financial year 2011 was located in Mixdorf in Brandenburg, where the company built a system with a peak performance of 24.1 MWp on the 81-hectare site of a former Russian fuel depot.[5]

Likewise, in 2012 Wirsol’s high-output Luckau solar park, constructed on a conversion site in Brandenburg and with a performance of almost 21 MWp, was connected to the grid. The solar power plant is located at the former military airport in Alteno.[6]

At the end of July 2013, the company completed construction of what was, at that time, Europe’s largest crystalline roof-top solar system. The photovoltaic system, located at freight forwarding company Pfenning Logistics’ 11-hectare distribution centre in Heddesheim, northern Baden, has a peak output of 8.1 MWp.[7]

The total output of Wirsol’s projects in 2015 was in excess of 150 megawatts.

In 2016 Wirsol commenced its first tenants’ electricity projects in Baden-Württemberg and Bavaria, working in partnership with municipal housing associations and utility companies.

Wirsol has been participating in work on the intelligent grid in Baden-Württemberg since February 2017. The company is involved in the C/sells platform, the “showcase for intelligent energy – digital agenda for the energy revolution” (SINTEG), a funding programme initiated by the German Federal Ministry of Economics.

In August 2017 Wirsol realized two new large roof-top systems for long-established world market leader SEW -EURODRIVE. A total of four plants at two locations now generate total output in excess of two megawatts.

Wirsol’s Straubenhardt wind park, comprising 11 wind turbines generating a total output of approx. 33 megawatts, was connected to the grid in March 2018. The park is capable of supplying some 22 000 households with green electricity.

International

In 2012 Wirsol founded the “Wirsol RE Maldives” joint venture with Renewable Energy Maldives (REM) to install solar power stations on the Maldives.[8][9] Further international projects are located in Spain (Bovera, Barcelona, Cáceres), England (Cornwall), Italy (Mola di Bari), Belgium (Wilrijk) and the US state of Colorado (Fort Collins).[10]

In 2013 the company announced that work to build a 22-MWp solar park on the Japanese island of Honshu had begun and gave the starting signal for the Monte Plata solar park in the Dominican Republic.[11] The latter park has, in the meantime, been sold to Soventix.[12] Construction of the park in Japan was scheduled to begin in 2014.[out of date]

With the Solarpark Lerchenborg (61 MWp), built in 2015, the company built what was, at the time, Scandinavia’s largest solar park.[13] January 2017 saw the announcement of the start-up of the largest solar park in the Netherlands, considered to be a flagship project [14] and with overall output of 30 MWp.

Also in 2015, Wirsol installed Switzerland’s sixth largest supermarket roof-top system. The system’s total output is approx. 1.94 MWp.

In February 2017 Wirsol Energy Ltd refinanced 10 solar parks with overall output of 61 MWp and financing of 46 million pounds.

Wirsol entered the Australian market in March 2017, investing a total of 380 million Australian dollars and founding a subsidiary headquartered in Sydney. The company’s first projects were three solar parks – “Whitsunday” and “Hamilton” in Queensland and “Gannawarra” in Victoria – generating a total of 198 MWp.

April 2017 saw the company announce the connection of 19 solar parks to the grid. These sites, all located in England and Northern Ireland, generate outputs ranging from 20.5 MWp to 2.5 MWp, thus supplying a total of 105.5 MWp electricity. They were financed with loans amounting to approx. GBP 88 million.

Wirsol’s office in Sydney, Australia was inaugurated in May 2017.

In May 2017 the company also sold part of its solar park portfolio in the United Kingdom to investor Rockfire Capital. The portfolio comprises 19 solar parks, of which two are located in Northern Ireland. The 19 solar energy sites, each with outputs ranging from 2.5 MWp to 20.5 MWp, generate a total output of some 105 MWp. Taken in total, the portfolio produces enough energy to generate almost 100 gigawatt hours of electricity each year.

Wirsol became Australia’s largest solar park project developer in November 2017, achieving a market share of just under 12 percent. In addition to this, the company accounted for 19.5 percent of all projects being realized throughout Australia at that time.

December 2017 saw Wirsol Energy Ltd acquire two non-government subsidized solar power plants in the United Kingdom – Outwood Solar Park, Essex with 7 MWp output and Trowse-Newton Solar Park, Norfolk with output of 9 MWp.

Following a bidding procedure for a government tender in Australia, in March 2018 Wirsol Energy und Edify Energy were awarded the contract for a large-scale storage facility. A 25MW / 50MWh Tesla lithium-ion battery storage facility - the Gannawarra Energy Storage System – will be integrated into the 50MW Gannawarra Solar Farm.

Sponsoring

Wirsol Solar AG became an official sponsor of soccer club TSG 1899 Hoffenheim in the 2011/2012 Bundesliga season, giving its name to the club’s stadium, the Wirsol Rhein-Neckar-Arena in Sinsheim. This sponsorship of the arena has been continued by Wircon GmbH with its Wirsol brand since the 2014/2015 season.

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