Younergy obtains CHF 7 million for the construction of the largest decentralized solar power plant in Switzerland
13.12.2022
In April 2022, Younergy issued bonds to finance Switzerland's largest decentralized solar power plant project. The company aims to accelerate the energy transition by expanding solar energy for self-consumption. The company now announced that the targeted volume of CHF 5 million was exceeded, as more than CHF 7.7 million were raised. The company is a Venture Kick winner and was voted a TOP 100 Swiss Startup.
 Younergy's CEO, Pedro Miranda
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Younergy's ambitious goal is to build the largest decentralized solar power plant in Switzerland based on the volume of energy generated. Measured by the number of solar projects, the company has already reached this threshold with 500 plants in operation. With an investment of 10,000 Swiss francs, the company can install 20 solar panels that generate 10 MWh of electricity per year. This corresponds to twice the average consumption of a Swiss family and saves 4 tons of CO2 per year.
The Lausanne-based company seems to have convinced both private individuals and investors with its innovative business model, exceeding its financing target by raising CHF 7.7 million. It was an encouraging sign for the company as it aims to accelerate the energy transition by making solar energy accessible to all. A total of 405 private Swiss investors contributed to the funds raised.
Pedro Miranda, CEO and co-founder of Younergy, is enthusiastic but realistic: "This success shows that we are on the right track and enables us to continue our growth. But there is still a lot to do. The funds raised are just a drop in the bucket given the investment needs. Our economy should allocate more capital to local solar energy production."
By issuing these bonds, the company hopes to support its rapid growth and meet the large demand for solar energy. Indeed, companies operating in this sector have been overwhelmed with requests this winter, given the threat of electricity shortages. Thanks to Younergy's development, many households and businesses can access clean energy, produced on their own roofs, without incurring material or installation costs. In one of the business models, the customer pays only for the energy he uses; the company covers the rest of the costs. The surplus energy is then fed into the grid and can be used by other buildings.
Electricity tariffs are below market prices, which is all the more interesting given the uncertain situation in the energy sector. Younergy thus offers an innovative and affordable solution to accelerate the energy transition. The company is also expanding in Germany, Portugal, and Spain.
Younergy was awarded CHF 130,000 by Venture Kick in 2016. It was also voted a TOP 100 Swiss Startup by a panel of experts and investors in 2016. Pedro Miranda also serves as one of Venture Kick's expert jury members.
Younergy's team works to make solar energy accessible and affordable
The Lausanne-based company seems to have convinced both private individuals and investors with its innovative business model, exceeding its financing target by raising CHF 7.7 million. It was an encouraging sign for the company as it aims to accelerate the energy transition by making solar energy accessible to all. A total of 405 private Swiss investors contributed to the funds raised.
Pedro Miranda, CEO and co-founder of Younergy, is enthusiastic but realistic: "This success shows that we are on the right track and enables us to continue our growth. But there is still a lot to do. The funds raised are just a drop in the bucket given the investment needs. Our economy should allocate more capital to local solar energy production."
By issuing these bonds, the company hopes to support its rapid growth and meet the large demand for solar energy. Indeed, companies operating in this sector have been overwhelmed with requests this winter, given the threat of electricity shortages. Thanks to Younergy's development, many households and businesses can access clean energy, produced on their own roofs, without incurring material or installation costs. In one of the business models, the customer pays only for the energy he uses; the company covers the rest of the costs. The surplus energy is then fed into the grid and can be used by other buildings.
Electricity tariffs are below market prices, which is all the more interesting given the uncertain situation in the energy sector. Younergy thus offers an innovative and affordable solution to accelerate the energy transition. The company is also expanding in Germany, Portugal, and Spain.
Younergy was awarded CHF 130,000 by Venture Kick in 2016. It was also voted a TOP 100 Swiss Startup by a panel of experts and investors in 2016. Pedro Miranda also serves as one of Venture Kick's expert jury members.
Younergy's team works to make solar energy accessible and affordable