Volkswagen Group Brand Elli and PV Provider Otovo have teamed up to offer sustainable and affordable home charging solutions. By combining wallbox and PV systems, customers can reduce electric vehicle ownership costs on charging by up to 40%. This partnership aims to promote a greener future for mobility and 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.
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.
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.
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
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
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
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
Today, Sasha Berson comes onboard Otovo as Chief Marketing Officer. Berson joins Otovo from Rain, the Los Angeles-based fintech startup, where he served as CEO for Europe.
With over two decades of experience in his arsenal, Berson has an impressive career that includes positions as Managing Director of Digital Banking at Barclays; Executive Director for Customer, Data, and Strategy at The Very
Otovo, Europe's leading marketplace for residential solar and battery installations, today published its financial results for the first quarter of 2023. The report included data on solar installation costs and shows that both the cost of panels and labour are coming down in 2023 and could hit multi-year lows this summer.
After a challenging 2022, with the Ukraine-Russia war and its energy cris
Oslo based European residential solar company invited representatives from each of its 13 markets for the milestone opening bell ceremony this morning as the company debuts at the Oslo Stock Exchange’s Main List.
Otovo is pleased to announce the Company has secured committed financing for EUR 50 million (approx. NOK 550 million) revolving credit facility (“RCF”) with EUR 50 million (approx. NOK 550 million) uncommitted accordion option from a bank consortium consisting of DNB and Spb1 SR-Bank. The financing facility will replace the Company’s existing facility and enable future growth in the subscrip
Otovo completes launches in Belgium, Netherlands, Switzerland
The launches in Belgium, Netherlands and Switzerland in the fourth quarter of 2022 follow the entries into Portugal, Austria and the UK earlier in the year. Otovo has now sold solar projects and signed up installers in 13 countries, the last 6 of which were all launched in 2022. Otovo’s CEO, Andreas Thorsheim remarks:
With these
Update on financing of Otovo’s subscription assets
Otovo has sold its stake in Brazilian solar platform Holu to Gera Brasil Tecnologia Ltda. (Gera), the majority shareholder of the joint venture. The partnership between will continue by Holu using Otovo’s Cloud software as a key part of its business model.
Otovo is a marketplace for distributed energy installation, building the European number one in residential solar.
