21.12.2018
Engynious Joint Venture with Younergy completes 200th PV plant – Energy Communities as future new segment
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.
The PV systems completed in 2018 also include a more than 90 kWp system on a new building of GVS Agrar AG in Saint-Aubin, Canton of Fribourg, one of the best-known specialist dealers for agricultural machinery in Switzerland. The recently upgraded Youdera Asset Management Platform will be used to monitor and visualize energy flows. Youdera was founded in 2018 as further joint venture between Engynious and Younergy to jointly progress the original Engynious Asset Management Platform.
In addition to the further expansion of the residential segment, multi-family residences will gain in importance as customers in the future. In the first quarter of 2019, the Company plans to finance and begin operating its own Energy Communities equipped with up to 30 kWp generators. The first four PV systems on apartment buildings are already in the final construction phase.
This most recent expansion of our plant portfolio was refinanced with the support of our current financing partner, the ongoing support of which secures acceleration of the JV’s construction program as well as its future growth.
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. www.engynious.com
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 preparing an international roll-out in 2018. www.younergy.ch
Contact:
Pedro Miranda
CEO, Younergy
pedro.miranda(at)younergy.ch