One Hundred Energy establishes joint venture

The cleantech wants to finance solar projects together with the private equity firm Triodos. In the long term, 70 million euros are to be raised as an investment.

Cologne-based start-up Einhundert Energie is founding a joint venture with private equity firm Triodos Investment Management. The new company, Einhundert Solar, is to finance photovoltaic systems on residential and office buildings. Triodos is getting involved through its Energy Transition Europe Fund. The long-term goal is to raise 70 million euros. "The ability to finance rooftop solar systems on a large scale and in a highly standardized way gives a significant boost to our growth trajectory and the uniqueness of our offering to real estate companies," said Einhundert CEO Ernesto Garnier.

Einhundert, founded in 2017 by Garnier and Markus Reinhold, focuses on the installation of solar systems, primarily for multifamily buildings. Among other things, the company offers real estate companies a kind of complete package in which it designs, builds and finances the solar systems. Downstream, residents would then be supplied with electricity. Previous partners include the Ratingen construction company Interboden and the Düsseldorf housing association Rheinwohnungsbau.

In addition to the joint venture, Triodos is also joining Einhundert as an investor. This is a minority investment, the companies said. Triodos will also be represented on the advisory board by Daphne Posma in the future.