Solar energy, Soly arrives in Italy and closes a €30 million round

Soly, an energytech company of Dutch origin certified B Corp, born from the desire of brothers Patrick and Milan Van der Meulen to create a company completely focused on renewable energy, 100% digital and designed for the end customer, enters Italy with headquarters in Milan, announcing a series B round of 30 million euros. The investment, led by ArcTern Ventures in partnership with the American company Fifth Wall and completed by previous investors Shell Ventures and the pension fund ABP, will help the company to continue its internationalization path and differentiate the range of services offered. Soly’s solution aims to make the sun the world’s most widely used energy source within a decade, eliminating non-renewable energy by 2030 and helping thousands of businesses and households convert to solar. Support for the country’s energy transition will take place province after province, in a national territory that has about 11 million independent family homes where the installation of solar panels would result in savings of between 1500 and 1800 euros each year, for a total of 9.6 kg less CO2 per day.

Italy is the sixth country in the internationalization process

“We are proud to announce our I arrive in Italy, now that the commitment to the transition to renewable energy is more accentuated than ever. The choice of Italy as the sixth port of call in our internationalization path is wise: here there are already one and a half million photovoltaic plants connected to the electricity grid and the company is showing a real interest in the adoption of sustainable solutions like ours – comments in a note Matteo Artero, country manager Italy at Soly – . Our goal is for more and more people to choose the sun and we strongly believe that building an environmentally conscious community is a goal that is getting closer every day, with savings not only in terms of pollution but also economically.” The adoption of clean energy, in fact, translates into a tangible benefit for consumers’ pockets and an increase in the value of real estate, as well as contributing to the environmental sustainability goals of the 2030 Agenda. A confirmation of the priority given to this issue also comes from the recent transformation into law of the Energy Decree, which provides for the possible activation of over 27 billion euros of investments in renewables and decarbonization. Italy, in the first six months of 2023 – says the company in a note – generated over 2.3 gigawatts of solar energy, about half of which came from solar panels installed on homes, and new plants in the area, in the last 12 months, have grown by 100 thousand units compared to 2022, for a total of over 1 million and 300 thousand installations.

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