23.02.2020
Engynious Joint Venture with Younergy completes more than 300 PV plants – Increasing demand for energy storage solutions
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 new solution for multi-family residences launched in 2019 developed well. Eight such "solar communities" comprising approx. 200 kWp were financed and installed. Similar growth is planned for 2020 in this segment. In our core residential market, the PV systems are increasingly being equipped with batteries and thus the value of the installations is increasing. The use of solar batteries improves the opportunity to consume solar electricity on site. This consumption can be tracked by end customers in real time via the MyYounergy monitoring platform, which was co-initiated and developed with the support of Engynious.
This most recent expansion of our plant portfolio was refinanced with the support of our current proven financing partner, the ongoing support of which secures acceleration of the JV’s construction program as well as its future growth.
Another important milestone for Engynious in 2019 was the sale of its software business. Younergy has completely taken over the former joint venture Youdera in Q4. The monitoring, control and asset management solution will now be further expanded with significant investments. Engymious remains involved at board level to continue supporting the strategic direction and implementation.
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