April 1 (Renewables Now) – Portuguese electrical utility EDP – Energias de Portugal SA (ELI:EDP) introduced on Thursday that it’s going to purchase Quickly Vitality, a photo voltaic distributed technology (DG) firm in Poland.
Warsaw-based Quickly Vitality boasts over 25 MWp of photo voltaic DG installations for residential and enterprise clients in throughout its dwelling nation, with 10 MWp of that put in final 12 months, EDP stated. The agency closed the books on 2021 with EUR 6 million (USD 6.6m) in revenues, in accordance with its new soon-to-be proprietor.
Monetary particulars weren’t disclosed.
By way of the acquisition, the Portuguese group’s subsidiary EDP Comercial will get entry to 400 native gross sales brokers and a crew specialised in delivering sustainable power options for the enterprise phase.
“EDP desires to develop considerably in that nation within the coming years and goals to be one of many main firms within the distributed photo voltaic power market. With this acquisition, EDP intends to greater than triple its progress subsequent 12 months,” the group stated in a press release.
EDP began industrial operation in Poland in 2020. In 2021, it provided round 50 GWh of power to enterprise clients and contracted greater than 5MWp of capability in photo voltaic self-consumption tasks within the enterprise phase.
On a world stage, EDP will purpose to have over 2 GW of photo voltaic DG options put in at household houses and companies by 2025, it stated.
(EUR 1.0 = EUR 1.110)