Advance Capital Partners has formed a strategic partnership to acquire a 60% stake in Solvis, Croatia's largest solar panel manufacturer, aiming to enhance its growth in the renewable energy sector.

Target Information

Advance Capital Partners has entered into a strategic partnership with Stjepan Talan at Solvis, the largest solar panel manufacturer in Croatia and a provider of integrated photovoltaic solutions. Following the fulfillment of certain conditions and the acquisition of necessary approvals from competition authorities, Advance Capital Partners will become a 60% owner of Solvis. This partnership aims to facilitate Solvis's strategic development plans, enhance international business operations, and promote the development of new environmentally friendly energy solutions, significantly contributing to energy efficiency across the Adriatic region.

Industry Overview in Croatia

The solar energy industry in Croatia has seen substantial growth in recent years, driven by increasing investments in renewable energy sources. As the country aims to meet European Union climate commitments, the use of solar power as a clean alternative has gained popularity among both consumers and businesses. The national energy policy has set ambitious targets for renewable energy generation, which has led to a surge in solar installations.

In addition to the supportive regulatory framework, advancements in solar technology and the decreasing costs of solar panel production have also contributed to the industry'