Latest news

27 April 2024 08:00

Otovo Teams Up with Yippie to Power German Homes with Solar Energy

Otovo and Yippie are teaming up to bring solar energy to German homes, making it more accessible and easier for homeowners to go green. By combining their expertise, they aim to simplify the transition to solar power and empower individuals to make a positive impact on the planet.

8 February 2024 07:14

Otovo Q4 2023: Cost cuts and efficiency program executed - ready for 2024

Otovo delivered revenues surpassing NOK 1 billion in 2023 for the first time, amid market headwinds, proving the strength and resilience of the business model. Otovo also implemented substantial cost-cutting measures in Q4, aimed at achieving even greater operational efficiency.

7 February 2024 07:19

Otovo and Meyer Burger announce collaboration: Energy transition "Made in Europe"

Otovo, Europe's leading marketplace for solar installations, today announces the launch of a partnership with Swiss solar module manufacturer Meyer Burger Technology Ltd, starting in February.

2 January 2024 01:00

10 predictions for the energy market in 2024

Andreas Thorsheim, founder and CEO of Otovo, Europe's leading marketplace for residential solar installations and battery storage, has sat down with Otovo’s experts in supply chains, ESG, technology and policy to give an outlook on the energy market for 2024. Here are their main points:
With permitting stalling in offshore wind, large-scale solar and amid nuclear setbacks, 2024 will become th

13 November 2023 13:15

Solar marketplace Otovo raises NOK 450 million

Otovo, Europe’s leading marketplace for solar and battery storage successfully completed a capital raise of NOK 450 million (EUR 40m) on Thursday. The round was led by the existing investors Å Energy, Axel Johnson Group and Nysnø (The Norwegian Government Climate Investment Fund). The equity raise allows Otovo to ensure its path to profitability and to get the company to the number one position in

26 October 2023 09:00

Otovo records best ever margin in Q3, eyes strong 2024 for European solar

Otovo, Europe’s leading marketplace for residential solar and battery installations, today published its financial results for the third quarter of 2023. The quarter was strategically important as Otovo completed a first-of-its-kind solar portfolio sale in Europe to Swiss Life Asset Managers.
This was a record quarter for Otovo in terms of profitability, with a substantial improvement in IFRS

6 October 2023 09:13

Swiss Life Asset Managers to acquire Otovo ASA’s leading solar portfolio in Norway and Sweden

Swiss Life Asset Management Ltd (“Swiss Life Asset Managers”) has agreed, on behalf of one of its managed collective investment schemes, to acquire a portfolio of decentralized solar PV leasing subscriptions (“the portfolio”) in Norway and Sweden. Under the capex NOK 600 million / EUR 52.5 million transaction Swiss Life Asset Managers will buy 100 percent of the shares in the owner Otovo ASA group

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