26.09.2023
Engynious Portfolio Company Younergy sells Swiss Installation Business and rebrands as Youdera
In an important strategic move, Younergy Group has sold its solar installation arm in Switzerland to the Swiss Solar Group. This pivotal transition not only strengthens the company’s core assets but also paves the way for its rebranding as Youdera, dedicated to advancing on-site solar PPAs and innovative software solutions across Europe.
The Engynious Group closed the year 2022 very successfully. The solar yields in the past year were only average due to weather conditions. However, the cumulative reference portfolio of the Engynious Group could be increased by 25% and amounts to almost 12.5 MWp at the end of 2022.
Overall, the Engynious Group closed the year 2021 with positive results. In Germany and Switzerland, energy yields remained below expectations due to poor weather in Central Europe, with fewer hours of sunshine than forecast. On the other hand, our international subsidiaries achieved positive developments. The cumulative installed base of Engynious Group grew to almost 10 MWp in 2021.
The Engynious Group looks back on a successful year 2020.
In Switzerland, the Joint Venture with Younergy Solar SA for the operation of photovoltaic plants continued to grow. As of the end of December, 72 further PV plants were completed and commissioned in 2020. The joint portfolio for distributed energy generation, most of which is pre-financed by Engynious, has thus reached a size of 400 plants with a total of 2.5 MWp.
In 2019, the Engynious Joint Venture with Younergy Solar SA founded in 2016 to operate photovoltaic systems in Switzerland, continued to grow. By the end of December 2019, 326 PV systems had been completed and commissioned. The joint portfolio for distributed energy generation, most of which is pre-financed by Engynious, thus reaches a size of 1.9 MWp. For the second consecutive year, this represents a near doubling of the Swiss portfolio compared to the previous year 2018.
The Engynious Joint Venture founded in 2016 with Younergy Solar SA to operate photovoltaic systems in Switzerland will continue to accelerate its growth in 2018. As of November 2018, the 200th PV system was completed and put into service. The joint portfolio for distributed energy generation, most of which is pre-financed by Engynious, now has reached a total capacity of 1 MWp. This corresponds to a doubling of the Swiss plant portfolio compared to 2017 in terms of both number and size of plants and represents a significant milestone.
10.04.2018
Engynious Clean Power UK acquires two operating Solar PV systems on educational institutions in UK
Effective as of mid-January 2018, Engynious Clean Power UK has successfully completed the purchase of two Solar PV systems on educational institutions in the UK. The systems were acquired from Brighter Schools PLC and are installed at “The Brunts Academy Trust” in Nottinghamshire and at “St. James The Great Primary and Nursery School” in Surrey.
The Engynious‘ Joint Venture with Younergy Solar SA has successfully launched the financing and operation of Photovoltaic Solar Systems of mainly residential sites in Switzerland. As of June 15, 2017, 100 PV Solar Systems for distributed power generation mainly located in Western Switzerland were completed. The joint portfolio, majority owned and pre-financed by Engynious, has reached 459 kWp. A significant number of contracts with additional customers will enable further growth in 2017. Engynious entered into the joint venture with the Lausanne based start-up in April 2016.
22.02.2016
Record Growth achieved in 2015
The Engynious Group added 2.337 kWp of generating capacity in 2015 achieving record growth in the history of the Company. Our installed base of PV Solar Systems reached 6.567 kWp as of December 2015. Overall, the Group achieved 45% growth of installed base in 2015. Our UK Schools Program drove this growth adding 24 Schools with 1.693 kWp of generating capacity. Our annual energy generation in 2015 was exceptional in Germany at 121.7% and also above target in UK at 103.7% of plan.
With immediate effect, Engynious customers with on-site energy consumption will be able to view their respective on-site consumption data via our web-based monitoring.
Engynious successfully launched a Joint Venture for the further market expansion in UK. The new JV reaches out to schools through social media networks and aims to raise awareness within the school segment, particularly among school governors and parents, for the advantages of Solar PV without incurring any capital costs. The JV partners, Internet entrepreneur Robert Schrimpff and the renewable projects developer Martin Augustin, handled the design of the new website www.solarforschools.co.uk which went live in March. Engynious Clean Power (UK) Ltd. will then take care of interested and registered schools under its well established „Engynious SEEd Solar for Schools Programme“. First schools have already registered.
An unassuming box called „Engynious Gateway“ opens up vast new opportunities to monitor and optimize energy production of our PV systems as well as the on-site energy consumption of our customers.
Magdeburg/ Bitterfeld-Wolfen, Germany, May 12, 2014 Engynious completed three additional rooftop Solar PV power plants for multi-family residences of the municipal housing association WBG Wolfen mbH in Saxony-Anhalt, Germany, with a total capacity of 161 kWp. Nothing special in Wolfen, in direct neighborhood of the German “Solar Valley”. These PV power plants are however, community power plants owned by a cooperative for provision of distributed power with high local content contributed by regional partners of the solar industry in Saxony-Anhalt.
Engynious to raise between £300,000 and £1m to refinance its PV Solar installations on schools across the UK enabling further growth
Regular cash returns for investors - 6.7% IRR fixed income return based on twice-yearly payments to debenture holders for 19 years
Debenture offer launched via Abundance NRG Ltd. crowd funding platform this week
Engynious is seeking to raise between £300,000 and £1m in long-term debentures to refinance its 21 existing PV Solar installations on primary and secondary schools across the UK. These will be pooled in its new wholly owned subsidiary, Engynious Schools plc, which will raise the funds by issuing long-term debentures to the public and pay them a 6.7% fixed income return. Funds raised will be used in the wider Engynious group allowing it to further grow, in particular to provide additional schools access to our UK Schools Solar Programme.
The Engynious Group welcomes the Part 2 of the UK Solar Strategy announced yesterday which incorporates high ambitions and clear action to support the deployment of distributed solar energy on roof tops in the UK.
SEEd, one of the UK’s most respected organisations promoting education for sustainable development in schools has teamed up with renewable energy developers and suppliers of solar PV, Engynious Clean Power.
03.10.2013
Engynious strengthens its UK presence
Solar energy developers Engynious Clean Power has strengthened its position in the UK with the appointment of Ann Flaherty to head up its UK schools and agriculture solar PV programme.
PV roof top installations for more than 100 schools targeted
Engynious has entered the United Kingdom renewable energy market. Together with its partner Winch Energy, the company is carrying out a programme to offer schools in the UK clean electricity from photovoltaic systems installed on their roofs. The total size of the programme, could reach up to 5 MWp equaling PV systems for up to 170 schools.
Tenants of the municipal housing association WBG Wolfen mbH in Saxony-Anhalt, Germany, may now benefit directly from solar energy supplied by photovoltaic systems installed on the roofs of their residences (“on-site consumption of solar energy”).
„We open new horizons for the supply of electricity to tenants”, explains Dr. Karl Zrost, Managing Director of Engynious GmbH. The company is currently installing multiple photovoltaic plants on the roofs of residences of the local municipal housing association WBG Wolfen mbH. On request, tenants may procure solar energy generated on-site directly from Engynious, and when solar resource is not available, from the local utility. A cooperation with the Stadtwerke Bitterfeld-Wolfen GmbH enables this on-site consumption opportunity.
14.06.2013
Engynious completes two Photovoltaic plants for Siemens Austria
Engynious has successfully installed and commissioned two photovoltaic plants for Siemens Austria in the Spring of 2013.
Siemens Austria is actively working to create “greener buildings” at its locations. One important component thereof is the increased utilization of renewable energy.