CRONIMET Mining Power Solutions was incorporated in 2011 and at the time traded under the name SOLEA Capital. Founders Rollie Armstrong and Steffen Kammerer formed an equity JV with the German EPC contractor, SOLEA AG, to establish an international solar development company.
During the first years of operations, we focused on utility scale PV power plants primarily in Germany and other policy driven European markets. By 2013, we successfully developed, financed, constructed and exited nearly 30 MW of power plants in Germany, Italy and Romania. As the renewable energy laws and policies in Europe were repealed, our founders turned toward a market where PV electricity was already approaching grid parity: Africa.