400 PV plants completed in Switzerland – Market entry New Zealand
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. As expected, the average plant size increased in 2020. On the one hand this reflects the increased use of storage solutions in the core residential market and, on the other hand, the growth in self-consumption communities.
In Germany, Engynious was able to intensify its consulting business for tenant electricity and PV park monitoring.
The Corona pandemic had little overall impact on the Engynious Group in the past fiscal year. However, the UK portfolio experienced significantly lower power consumption at the schools during the lockdown phase and there also isolated difficulties with scheduled and ad hoc maintenance activities. This was mitigated by the fact that most of Engynious' business processes had previously already been digitized to a large extent.
A highlight for Engynious in 2021 is the market entry in New Zealand. In the fourth quarter of 2020, a subsidiary was established with a local partner for this purpose. A first PPA contract with a school in the Whanganui district on the North Island has already been signed.
About Engynious
Established in 2001, Engynious Group delivers solutions for the generation and use of solar energy to meet distributed power requirements. It specializes in decentralized rooftop developments. Through its technical and commercial competence and continuous work on technology enhancements and innovative business models, it makes renewables a viable alternative for the sustainable long-term supply and use of energy.
Contact:
Dr. Theodor Scheidegger
Chairman, Engynious Group
t.scheidegger(at)engynious.ch
About Younergy
Younergy is a Swiss energy provider engaged in the design, development, installation, sale, ownership and maintenance of solar + storage systems. The Company is helping end users go solar by streamlining the purchasing and installation process, in a scalable, automated way. Younergy has been awarded multiple prizes for the innovation it markets as “Abonnement Solaire™” or “SolarAbo”. Currently ramping up its home operations, the Company is pursuing its international roll-out.
Contact:
Pedro Miranda
CEO, Younergy
pedro.miranda(at)younergy.ch