Conergy

In July 2011, Conergy built what BBC News called "one of Britain's largest solar farms" in Hawton, Nottinghamshire, with a capacity of 5 MW.{{cite web|url=http://www.businessgreen.com/bg/news/2093947/conergy-wins-race-deliver-uks-5mw-solar-farm |title=Conergy wins race to deliver UK's first 5MW solar farm |date=14 July 2011 |work=BusinessGreen |access-date=2 July 2019}}{{cite web|url=https://www.bbc.com/news/uk-england-nottinghamshire-14231678 |title=Solar farm built at Hawton in six weeks |date=21 July 2011 |work=BBC News |access-date=2 July 2019}} In June 2014, Conergy announced two projects with German utilities company RWE: its first solar power plant in the UK and a solar leasing partnership for businesses in Europe.{{cite web|url=https://www.bloomberg.com/news/2014-04-23/rwe-invests-in-its-first-u-k-solar-park-conergy-to-build.html |title=RWE Invests in Its First U.K. Solar Park; Conergy to Build |date=23 April 2014 |first=Tino |last=Andresen |work=Bloomberg News |access-date=2 July 2019}}{{cite web|url=https://www.reuters.com/article/britain-solar-conergy-idUSL6N0PF2OJ20140707 |title=Conergy, RWE form solar leasing partnership |date=7 July 2014 |first=Christoph |last=Steitz |publisher=Reuters |access-date=2 July 2019}}

In February 2014, Conergy opened its first office in Japan.{{cite web|url=https://greentechlead.com/solar/conergy-wins-solar-power-plant-order-shinhidaka-japan-13421/ |title=Conergy lands in Japan |date=26 February 2014 |first=Edgar |last=Meza |work=pv magazine |access-date=2 July 2019}} In May 2014, the company completed the first large solar plant in the Philippines{{cite web|url=https://www.bloomberg.com/news/2014-05-15/conergy-completes-biggest-solar-park-in-{{sic|philli|pines|hide=y}}.html |title=Conergy Completes Biggest Solar Park in {{sic|Philli|pines|nolink=y}} |date=29 October 2014 |first=Marc |last=Roca |work=Bloomberg News |access-date=}} and in September 2014, Conergy Australia announced it would build a heart-shaped solar farm in New Caledonia.{{cite web|url=https://www.theguardian.com/environment/2014/sep/25/is-this-heart-shaped-solar-farm-the-worlds-most-beautiful-power-plant |title=Is this heart-shaped solar farm the world's most beautiful power plant? |date=25 September 2014 |first=Will |last=Nichols |work=The Guardian |access-date=}} In Australia, the company has built solar rooftops for a factory owned by Mars, Incorporated, as well as for a call centre run by the Government of Queensland.{{cite web|url=http://www.couriermail.com.au/business/solar-ceo-building-heartshaped-pv-plant-calls-for-some-love-from-govt/story-fnihsps3-1227071609902 |title=Solar CEO building heart-shaped PV plant calls for some love from govt |date=26 September 2014 |first=Kerrie |last=Sinclair |work=The Courier-Mail |access-date=2 July 2019}}

In January 2014, Conergy announced plans to move into asset investment by establishing a tax equity fund with an initial target volume of US$100 million in order to expand its US and Canada project business.{{Cite news|url=https://www.bloomberg.com/news/articles/2013-07-19/conergy-to-sell-main-brand-to-kawa-in-sales-unit-disposal|title=Conergy to Sell Main Brand to Kawa in Sales Unit Disposal|newspaper=Bloomberg |date=July 19, 2013|via=www.bloomberg.com}}

In October 2014, the distribution groups in the US and Canada were sold by Conergy. The sale highlighted the company's focus on project development, finance, EPC and O&M.

Conergy won the tender for the 2MW SunMine project in Kimberley, British Columbia which will see an operational coal mine partially converted into a solar power plant.https://kimberley.civicweb.net/document/14758/PRESS%20RELEASE%20-%20SunMine%20Ground%20breaking%20-%20July%207,%202014%202014.pdf?handle=883A2C9913354669BAD06CD3A918D9CF {{Bare URL PDF|date=March 2022}}

In March 2005, Conergy AG was registered at the Frankfurt Stock Exchange, raising an estimated €243 million in its initial public offering (IPO).{{cite news|url=https://www.expatica.com/de/conergy-makes-successful-stock-market-debut/ |title=Conergy makes successful stock market debut |newspaper=Expat Guide to Germany | Expatica |date=17 March 2005 |publisher=Expatica |access-date=2 July 2019}} Three months later, the company was added to the TecDAX index, in which it remained until March 2011.{{Citation needed|date=July 2019}}

In October 2007, Conergy entered into a ten-year contract with MEMC Electronic Materials worth US$7 billion for the supply of solar silicon wafers.{{cite web|url=https://www.renewableenergyworld.com/articles/2007/10/memc-conergy-announce-7-billion-solar-wafer-agreement-50419.html |title=MEMC & Conergy Announce $7 Billion Solar Wafer Agreement |date=30 October 2007 |work=RenewableEnergyAccess.com |publisher=Renewable Energy World |access-date=2 July 2019}} However, in April 2009, Conergy announced that it would file a lawsuit against the contract after a breakdown in renegotiation talks with MEMC, seeking the "invalidity of the contract by declaratory judgement in New York City".{{cite web|url=https://www.reuters.com/article/conergy-memc-idAFLR37026520090427 |title=Conergy to file lawsuit against MEMC contract |date=27 April 2009 |first=Christoph |last=Steitz |publisher=Reuters |access-date=2 July 2019}} In January 2010, MEMC announced that the lawsuit was settled out-of-court, with new terms for the contract agreed and MEMC receiving an undisclosed payment.{{cite web|url=https://www.reuters.com/article/memc-conergy-idUSN2421282520100124?type=marketsNews |title=UPDATE 1-MEMC says wafer lawsuit with Conergy settled |date=25 January 2010 |first=Chelsea |last=Emery |publisher=Reuters |access-date=2 July 2019}}

In November 2007, with the company's share price having fallen by an estimated 43 percent that year, Hans-Martin Rüter stepped down as CEO and was replaced by supervisory board chairman Dieter Ammer, who took over as interim CEO. The company also announced that it had raised €100 million in capital, in response to a "shortfall in liquidity".{{cite web|url=https://www.greentechmedia.com/articles/print/in-brief-conergys-ceo-steps-down-california-sues-epa-and-ethanol-pur-280 |title=IN BRIEF: Conergy's CEO Steps Down, California Sues EPA and Ethanol-Purification Startup Snags C |date=9 November 2007 |first=Rachel |last=Barron |publisher=Greentech Media |access-date=2 July 2019}}

In September 2008, LG Electronics announced a preliminary deal to form a joint venture with Conergy, its first in the field of solar energy. The deal was to be completed by the end of 2008 and see LG acquire a 75 percent stake in Conergy's Frankfurt solar panel plant.{{cite web|url=http://www.greentechmedia.com/articles/lg-plots-solar-partnership-with-conergy-1395.html |title=LG Plots Solar Partnership With Conergy |date=11 September 2008 |first=Jeff |last=St. John |publisher=Greentech Media |access-date=}} However, due to the 2008 financial crisis], LG ended talks with Conergy.{{cite web|url=https://www.networkworld.com/article/2269337/lg-ends-solar-joint-venture-talks-with-germany-s-conergy.html |title=LG ends solar joint venture talks with Germany's Conergy |date=7 November 2008 |first=Martyn |last=Williams |work=NetworkWorld |access-date=2 July 2019}}

On 5 July 2013, Conergy filed for preliminary insolvency at the District Court of Hamburg, one of a succession of German solar manufacturers that collapsed under pressure from depressed prices due to oversupply by Chinese manufacturers.{{cite web|url=https://www.bloomberg.com/news/2013-07-05/conergy-plans-insolvency-filing-as-investor-sought-for-rescue.html |title=Conergy Files for Insolvency as Banks Disagree on Investor |date=5 July 2013 |first=Nicholas |last=Brautlecht |work=Bloomberg News |access-date=2 July 2019}} Later that month, American private equity firm Kawa Capital Management announced it would buy the Conergy brand and some of the international sales and service units, without the manufacturing businesses.{{cite web|url=https://www.bloomberg.com/news/2013-07-19/conergy-to-sell-main-brand-to-kawa-in-sales-unit-disposal.html |title=Conergy to Sell Main Brand to Kawa in Sales Unit Disposal |date=19 July 2013 |first=Nicholas |last=Brautlecht |work=Bloomberg News |access-date=2 July 2019}} In December 2013, the company applied to delist from the Frankfurt Stock Exchange, with its final share price standing at just €0.04.{{cite web|url=https://renewablesnow.com/news/conergy-to-be-delisted-from-stock-market-394290/ |title=Conergy to be delisted from stock market |date=10 December 2013 |work=SeeNews |publisher=Renewables Now |access-date=2 July 2019}}

In July 2014, the company secured a US$60 million credit guarantee arranged by Deutsche Bank to finance an expansion of its international projects business;{{cite web|url=https://www.bloomberg.com/news/2014-07-07/conergy-gets-60-million-bank-guarantee-to-expand-solar-business.html |title=Conergy Gets $60 Million Bank Guarantee to Expand Solar Business |date=7 July 2014 |first=Stefan |last=Nicola |work=Bloomberg News |access-date=}} the company had already acquired insolvent Wirsol and the rights to 166 MW of UK projects from developer Lumicity earlier that year.{{cite web|url=http://www.businessgreen.com/bg/news/2325464/conergy-acquires-100mw-of-solar-farms-from-stricken-wirol |title=Conergy acquires 100MW of solar farms from stricken Wirol |date=28 January 2014 |work=BusinessGreen |access-date=2 July 2019}}{{cite web|url=https://www.rechargenews.com/solar/864808/conergy-buys-166mw-uk-portfolio |title=Conergy buys 166MW UK portfolio |date=7 July 2014 |first=Anamaria |last=Deduleasa |work=Recharge |access-date=2 July 2019}} In order to focus on its downstream business, Conergy sold its distribution arms in the U.S. and Canada to Soligent and HES PV in October 2014, respectively.{{cite web|url=http://cleantechnica.com/2014/10/13/soligent-acquire-conergys-us-solar-distribution-division/ |title=Soligent To Acquire Conergy's US Solar Distribution Division |date=13 October 2014 |first=Joshua S. |last=Hill |work=Clean Technica |access-date=2 July 2019}}{{cite web|url=https://hespv.ca/blog/hes-pv-acquire-conergys-distribution/ |title=HES PV to acquire Conergy's distribution division in Canada |date=6 October 2014 |publisher=HES PV |access-date=2 July 2019}}

In August 2017, it was announced that Kawa Solar Holdings sold Conergy Asia & ME Pte. Ltd. and its subsidiaries to American private equity funds Tennenbaum Capital Partners LLC and Goldman Sachs BDC, a business development company managed by Goldman Sachs Asset Management.{{cite web|url=https://www.reuters.com/article/us-singapore-m-a-goldman-sachs/goldman-tennenbaum-buy-singapore-based-solar-power-company-conergy-idUSKBN1AI09Z |title=Goldman, Tennenbaum buy Singapore-based solar power company Conergy |date=2 August 2017 |first=Florence |last=Tan |publisher=Reuters |access-date=2 July 2019}}

In August 2018, the Green Investment Group, a subsidiary of the Macquarie Group, completed its acquisition of the solar development portfolio and assets of Conergy Asia.{{cite web|url=https://www.macquarie.com/sg/about/newsroom/2018/green-investment-group-acquires-conergy-solar-team-and-portfolio/ |title=Green Investment Group acquires Conergy solar team and portfolio |date=14 August 2018 |publisher=Macquarie Group |access-date=2 July 2018}}

In August 2019, Conergy rebranded as blueleaf energy. The rebranding was done to reflect the company’s changing focus from a solar EPC contractor to the ownership and operations of solar energy systems.

In March 2020, former CEO Alexander Lenz left Conergy for Aquila Capital.

• First Solar
• SolarCity
• SunEdison
• Sunrun
• South San Joaquin Irrigation District (SSJID)
• Sunpower

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