17.06.2017
Engynious’ Joint Venture with Younergy completes 100 PV Solar Systems – Portfolio refinanced by bank loan
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.
Developing the residential segment allowed the Joint Venture to realize two further innovations: two of the 100 completed PV Solar Systems have been planned with a storage solution based on “AC batteries” from Enphase Energy. Moreover, on-site energy consumption data is now available via our web-based monitoring for initial sites within this segment. In future, our customers will benefit from our service to view and analyze their daily on-site consumption data, in addition to the production and total consumption information already available.
The portfolio was refinanced by an innovative bank loan. For Engynious this represents a true milestone: It is the first financing purely based on PPA revenue and the third largest project finance arranged so far.
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