You may be wondering what my next project is. I have been retained by Lang AG to assist it in getting to the next level in its business development. We are financing this project by taking Lang public on the Toronto Venture Exchange by way of a reverse take over.
Lang AG is in the property improvement and solar integration business in Germany. Their property improvement business services some of Germany's largest property owners, providing a turn key solution to their renovation needs. When Germany was unified, the government privatized large portfolios of government housing. The private equity investors are obliged to bring the properties up to current “green” standards. Government subsidies are in place to assist with this. Many of the property owners outsource this to companies like Lang.
In addition to the property improvement side of the business, Lang is also developing ground and roof mounted (for their property owning clients) PV solar power installations. We have partnered with a Canadian fund to provide the equity for these projects.
At this stage, we are looking for public distribution of a pre-RTO round in order to comply with the distribution requirements of the Toronto Venture Exchange. The minimum investment is CDN $5,100. The maximum is CDN $25,500. We will be looking for a more substantial round of financing in the fall once we are publically trading.
Our plan is to fund Lang's growth of both the property improvement division throughout Europe as well as the solar division on a global basis. The solar division's initial focus will be roof and ground mounted projects in Germany, but we also intend to expand into other markets in Europe and North America, particularly with our team based in Ontario given the new initiative announced last week by the provincial government.
Green business is one of the few industries that will experience growth during this economic downturn. I suggest that you join me in going green. Otherwise, you might be green with envy!
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2 comments:
It appears to me that green is only profitable with government subsidies.
Are there any green industries that don't need government stimulus?
I am most familiar with the PV solar industry. Right now the PV solar industry is dependent upon government support of some sort. The cost of panels have been falling rapidly and its anticipated that there will be "grid parity", that is, the cost will equal the market price, in the next couple of years.
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