Groupe OKwind which is specialized in the design, manufacture and sale of smart energy generation systems dedicated to self-consumption, joins forces with Sofiprotéol, a financing company for the vegetable oil and protein industry, to accelerate its development through the issue of bonds convertible into shares for an amount of 3 million euros.
Since its creation, Groupe OKwind has been providing an immediate response to the energy and environmental emergency by limiting the use of fossil fuels despite increasing needs. Groupe OKwind offers a low-carbon solution based on solar energy, which allows its customers (farms, local authorities, industrial sites and individuals) to produce and consume their own renewable energy.
This solution combines two complementary areas of expertise: solar energy generation, thanks to high-performance and connected photovoltaic trackers, as well as energy management, which ensures optimization of energy production and consumption. In addition, the production model designed for self-consumption guarantees a stable cost of electricity for a 30-year period, a real value-added in the current context of inflation.
As a key player in the self-consumption of renewable energy, Groupe OKwind is benefiting from sustained growth thanks to the quality of its solutions, exponential market potential as well as disruptive innovations (dual-axis and dual-sided solar trackers, energy management solutions, artificial intelligence algorithms, …). Based on these assets, Groupe OKwind now intends to accelerate the deployment of its solutions in France and abroad. To support this new phase in the company’s growth, the conclusion of this partnership with Sofiprotéol further strengthens the 20.5 million euros fundraising carried out in the context of Groupe OKwind’s IPO on Euronext Growth in July 2022.
Thanks to this agreement and the additional financial resources provided by Sofiprotéol, Groupe OKwind will accelerate the deployment of a low-carbon and competitive energy source, particularly within farms, thus strengthening its action in favor of the energy transition and its support to the agricultural sector, which is in line with the Raison d’Être of its partner, “Serving the Earth”. 2
Luc OZANNE, Investment Director at Sofiprotéol, said: “The development, positioning and strategy of Groupe OKwind in favor of a renewable energy source that supports energy self-sufficiency and the improvement of the sustainability and economic performance of farms are of great interest to us. Groupe OKwind’s project is therefore perfectly in line with our mission statement “Serving the Earth” and our involvement in the development of solutions and services for farmers, especially breeders.”
Louis MAURICE, CEO of Groupe OKwind, adds: “In the face of soaring electricity prices in the short and medium term, self-consumption combined with energy management stands out as a reference solution, which can be deployed immediately to allow our customers to regain a lot of flexibility in terms of economic competitiveness while reducing their carbon footprint in their business. This new situation highlights the relevance of Groupe OKwind’s development strategy. The partnership with Sofiprotéol aims to accelerate the deployment of our solutions with farms, our main market, and thus contribute to the irrigation of scattered territories with locally produced green energy.”