In July 2013, shortly after filing for preliminary insolvency, the Conergy brand and some of the company's international sales and service units were acquired by American private equity firm Kawa Capital Management.

In August 2017, the company and its subsidiaries were acquired by American private equity funds Tennenbaum Capital Partners and Goldman Sachs BDC, before they were sold to Green Investment Group a year later.

[10] In January 2014, Conergy announced plans to move into asset investment by establishing a tax equity fund with an initial target volume of US$100 million in order to expand its US and Canada project business.

Conergy won the tender for the 2MW SunMine project in Kimberley, British Columbia which will see an operational coal mine partially converted into a solar power plant.

[18] However, due to "current worldwide economic uncertainty [in reference to the financial crisis of 2007–2008] and changes in strategic direction", LG announced in November 2008 that it ended talks with Conergy.

[20] Later that month, American private equity firm Kawa Capital Management announced it would buy the Conergy brand and some of the international sales and service units, without the manufacturing businesses.