GED Capital has handed Rioglass Solar over to German private equity firm Ventizz Capital Partners and fund of funds Partners Group. No deal terms have been disclosed.
Rioglass manufactures high-precision mirrors and components for concentrating solar power (CSP) plants.
Unlike other renewable energy sources such as photovoltaic or wind, CSP has the distinct advantage of being able to store solar energy.
Founded in 2007, the company has over 200 employees and production facilities in Asturias, Spain and Arizona in the US.