Holaluz Buys Three PV Installers to Accelerate The Rooftop Revolution

Source: www.gulfoilandgas.com 1/19/2022, Location: Europe

Holaluz, a green technology company listed on the BME Growth since November 2019, announced the acquisition of installation companies Katae Energía, Serna Energía and GHC Instalaciones – all of whom already have a close working relationship with the energy firm. The aim is to accelerate the Rooftop Revolution and speed up the journey towards a world powered by 100% green energy.

These first three acquisition operations, which take place six months after the announcement of the plan to acquire installation companies in Spain, will allow Holaluz to increase its installation capacity by 25% and consolidate its leadership in the domestic photovoltaic sector in Catalonia, Levante and the Canary Islands regions in Spain.

In response to an energy price crisis – caused by the crisis in the existing energy and environmental model – Holaluz is strongly committed to The Rooftop Revolution. The objective is to put an end to price problems with the clear purpose of offering a long-term and sustainable solution for the planet and society. Creating a distributed generation model in Spain, The Rooftop Revolution offers Holaluz customers the possibility of transforming every square metre of their rooftop into 100% green energy, saving up to 50% on electricity bills.

The announced acquisition of three firms represents the beginning of Holaluz’s strategy to acquire Spanish installation companies with the goal to accelerate the growth of its solar vertical, and control the entire end- to-end process.

To support the strong growth forecast for 2022, Holaluz has opted to strengthen the teams focused on executing The Rooftop Revolution. That is why the company plans to incorporate 50 solar experts and 76 additional installers located mainly in the Spanish regions of Catalonia, Madrid, Valencia, the Balearic Islands, Murcia, Seville, and Malaga during the first quarter of 2022.

All these measures will create a hybrid structure of own installers and agreements with trusted local installers that will ensure the scalability of operations throughout Spain.

The Rooftop Revolution has no limit

Holaluz understands the present electricity market price volatility as a unique opportunity to consolidate the Rooftop Revolution and transform the current energy model in Spain. That is why Holaluz approved last December a capital increase of 7.5 million euros, allowing the entry of Abacon Invest GmbH and Pelion Green Future Alpha GmbH. These entities have significant international investments in the photovoltaic sector for domestic customers.

The employment of financial agility allows Holaluz to activate its strategy of inorganic acquisitions such as that mentioned today, despite the current price situation in the wholesale electricity market.

The Rooftop Revolution already encompasses 6,295 managed installations, 378,202 clients, and a representation portfolio of more than 1,630 MW as of September 30, 2021.

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