O&L GROUP ANNOUNCES MAJOR INVESTMENT IN GERMANY'S LARGEST FLOATING PV PROJECT

WINDHOEK, NAMIBIA / BAD SCHÖNBORN, GERMANY 26 MARCH 2024 - The Ohlthaver & List (O&L) Group, a longstanding Namibian conglomerate with a wide-ranging portfolio across multiple sectors, is pleased to share the official groundbreaking of the Philippsee floating photovoltaic (PV) project in Bad Schönborn, Germany. The investment in this project, made through O&L Europe SE, the German Holding company of OLFITRA, marks a significant advancement in sustainable energy development in Europe and highlights O&L's dedication to environmental responsibility, social inclusion, and economic prosperity. With a workforce of over 5,500 employees and a history dating back to 1919, O&L has been a pioneer in various industries, prioritizing sustainable practices and making meaningful contributions to society and the environment.

O&L Executive Chairman, Sven Thieme in a video message said: “This is a remarkable milestone in our collective journey. With immense pride, we join hands with our partners and co-investors, O&L Europe SE and Phillip & Co KG to celebrate the groundbreaking of what will soon stand as Germany's grandest floating solar park. Nestled in the picturesque landscapes of Bad Schönborn, this project epitomizes our resolute commitment to innovation and sustainability. We are truly proud of our century- old legacy, built on the O&L foundation of authenticity, care, and passion, and we remain committed to responsible stewardship, ensuring minimal impact on the environment through meticulous monitoring programs. As we set forth on this groundbreaking journey, we do so with a shared vision of a brighter, greener future.”

"Our mission resonates with the global call for sustainable and ethically responsible development. Through investments in projects like the Philippsee floating PV system, we are actively driving positive change, promoting ecologically meaningful initiatives, and contributing to societal development. This investment is a clear demonstration of our ongoing dedication to sustainable development and our unwavering commitment to making a positive impact on the world around us. We are genuinely excited about the opportunities this project brings and eagerly anticipate the chance to further our mission of creating a more sustainable future for all. Our partnership with Philipp & Co. KG and O&L Nexentury GmbH, the renewable energy arm of O&L, exemplifies a model of collaborative success”, expressed Sabrina Steinhauser, official spokesperson for O&L Europe SE.

Steffen F. Kammerer, Group Managing Director, O&L Nexentury GmbH, Addressing the guests at the groundbreaking ceremony of the Philippsee floating PV project in Bad Schönborn, Germany.

The Philippsee project stands as Germany's largest floating PV system and was celebrated with an official groundbreaking ceremony on 21 March 2024. The event was attended by stakeholders from industry, the state of Baden-Württemberg, and the municipality of Bad Schönborn, marking a significant milestone in renewable energy. This initiative not only represents a leap forward in sustainable energy but also highlights the power of partnership in reaching important environmental goals.

O&L Nexentury, a subsidiary of the O&L Group is esteemed as a leader in solar energy solutions, leading the way in the adoption of solar technology to benefit local communities through job creation, reduced energy costs, and a cleaner environment. The company's unwavering commitment to technological innovation ensures that its clients receive the most advanced solar solutions, thus contributing to global sustainability goals and a greener planet. O&L Nexentury has presence in Windhoek, Cape Town and Munich/Freiburg to serve customers with their respective energy needs.

The O&L Group is dedicated to being a world-class sustainable energy partner, always pushing boundaries to provide cutting-edge solutions that exceed industry standards. We are committed to staying ahead of the technological curve to deliver state-of-the-art sustainable energy initiatives.

For more information about the O&L Group and our sustainable energy initiatives, please visit our website at https://olnexentury.com

Media Contact

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