Milk the Sun gains new investors
Gruenderfonds Muensterland start-up fund company and strategic investor Howaldt Energies have invested in Milk the Sun as part of a capital increase as he company seeks to expand.. Milk the Sun will use this raised capital and strategic support from its new partners to advance its worldwide business expansion and drive forward the development of new branches. The company presents solar projects located across the whole of Europe as well as in North America, Latin America, Africa and Asia.
"We see great potential in up-and-coming company Milk the Sun. In a short space of time, the platform has expanded its business from the core markets of Germany and Italy to cover the whole of Europe, developing into an internationally positioned solar trading platform," explains co-investor Kai Howaldt, former Senior Partner at Roland Berger.
Marcel Vonnahme, Investment Manager at eCAPITAL AG, which manages Gruenderfonds Muensterland, said, "With support from the Milk the Sun management team and co-investor Howaldt Energies, we now want to successfully and majorly expand into the international growth market. By offering attractive rates of return, we also hope to establish photovoltaics as an asset class."
"We are delighted to be joined by our new partners, financially strong entities with industry experience. We already offer a wide range of solar projects worldwide. Now it's time for our portal to become even more international," explains Felix Krause, CEO of Milk the Sun (pictured).
In 2009, he co-founded a company that develops solar projects in Germany and the UK. When he realized just how many intermediaries solar projects on the market had to go through, he teamed up with three partners to create the Milk the Sun platform, which provides a quicker and efficient way of bringing together project developers, investors and roof and land owners.
"Our portal works in a very simple and transparent way. It's free to post projects and find the right investor. We stand out from competitors because users are free to view commercial and technical details of solar installations on the website. Users don't have to register before being able to browse the virtual marketplace. Registration is only necessary for those wishing to trade or obtain project contact details. In this case, they must prove themselves as potential investors," continued Krause.
In addition to offering project rights, the online platform focuses on the purchase and sale of existing solar installations. Milk the Sun presents installation projects and, via a partner network, offers further services related to the life cycle of photovoltaic installations, such as insurance, technical and commercial system operation and legal consultation. Solar projects can be posted free of charge with no obligations. Milk the Sun only receives a commission calculated on the basis of the system's output following a successful business deal. Customers include land owners, project developers, system owners and investors looking to get involved in an environmentally friendly installation.
Trading mainly revolves around medium-sized photovoltaic installations with outputs from 30 kilowatt peak (kWp) to 5 megawatt peak (MWp), with larger systems and entire portfolios presented on the platform's closed marketplace Utility Scale Network.
