Spanish energy retailer Holaluz buys OVO Vitality Spain buyer portfolio

Might 9 (Renewables Now) – Spanish renewable energy retailer Holaluz Clidom SA (BME:HLZ) introduced right now that it has acquired the shopper portfolio of peer OVO Vitality Spain, a subsidiary of UK impartial energy supplier OVO Vitality.

Monetary particulars weren’t disclosed.

The transaction permits Holaluz to include some 6,500 OVO Vitality Spain clients to its personal portfolio, which is over 386,500-strong as of March 31, the Barcelona-based energy firm mentioned.

The transfer is part of Holaluz’s mergers and acquisitions plan to take over friends within the electrical energy sector in an effort to consolidate. The plan was kick began in December 2021 when Holaluz acquired the Spanish unit of UK electrical energy provider Bulb.

Transactions comparable to these allow Holaluz to advertise the vitality transition mannequin that’s based mostly round distributed era. Based on the corporate, its mannequin is geared toward creating southern Europe’s largest vitality neighborhood by connecting clients with inexperienced energy generated on unused rooftops.

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