Solenerga: next PV IPO in works

Solenerga – a contractor of photovoltaic installations – plans to issue shares in the fourth quarter of this year, and wants to debut on the NewConnect market in 2022.

“Observing the dynamics of the growth of the business scale and the pace of acquiring new clients, we want to develop even faster, therefore we are thinking about raising funds on the capital market and going to the stock exchange, ”said President Łukasz Ciołkowski, quoted in the announcement.

Solenerga currently has two sales channels: its own network and a franchise network. The company plans to develop the third channel, based on a network of external partners.

In the first half of 2021, the company sold over 120 heat pumps worth PLN 3.7 million, but also almost 1,000. pieces of photovoltaic panels with a total value of PLN 4.2 million, i.e. in total, generated sales in the period January-June this year. in the amount of PLN 7.9 million. In the first half of 2020, it was 400 thousand. PLN, and throughout 2020, the company generated revenues of over PLN 4 million.


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