Global law firm Dentons has advised East Energy GmbH on Zelestra’s entry as a majority shareholder. As part of the transaction, Zelestra has acquired CropEnergies’ 25% stake and additional shares in East Energy Verwaltungs GmbH, making it the majority shareholder of East Energy.
East Energy, based in Rostock, Germany, develops innovative, cross-technology energy solutions. The company has an extensive portfolio of more than 2 GW of projects in the areas of photovoltaics, battery storage, onshore wind power and Power-to-X (green hydrogen, eMethanol).
Zelestra is a Spanish-headquartered vertically integrated company specializing in the development, marketing, construction and operation of large-scale renewable energy projects. Zelestra is backed by EQT, one of the largest fund managers in the world. The strategic partnership with East Energy supports Zelestra’s growth initiatives with the aim of becoming a leading, multi-technological and independent producer of renewable energy in Germany.
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