Thursday, September 29

Holaluz acquires Bulb Energy in Spain

Holaluz, the green energy technology company listed on BME Growth since November 2019, today announced the acquisition of the renewable energy company Bulb Energy España. This will allow the company to connect to 23,000 new customers to the green energy of Holaluz and accelerate the company’s purpose of achieving a planet that moves 100% thanks to green energy. During this transition, the power supply of all customers will continue to function normally.

For Holaluz it is a unique opportunity to start its strategy of consolidation of the sector through the acquisitions of marketers in Spain. Bulb España is the first of them. For this reason, and in order to achieve the necessary financial agility, Holaluz executed on November 9 the approval by majority in its Extraordinary Shareholders’ Meeting a capital increase for the amount of 11,368,106.96 euros.

As the company announced last October, the current situation of price volatility in the electricity market, the result of an erosion of the current energy and environmental model, has caused a global imbalance in the energy sector. Holaluz faces the current energy crisis scenario from a situation of competitive advantage to consolidate its position in the market through a solid business model and with the clear purpose of offering a long-term sustainable solution for the planet and the whole of the society.

Bulb Energy offers 100% green energy, is digital and focused on residential customers. It also belongs to the BCorp community of companies, just like Holaluz. All of this makes this operation a perfect alliance, taking one more step in the execution of the company’s strategy.

The Rooftop Revolution has no roof

Holaluz adds 378,202 clients as of September 30 – growing by more than 27,000 net clients in the third quarter of 2021 – with a representation portfolio of more than 1,630 MW. The Revolution of the Roofs continues to grow, reaching 6,295 facilities managed as of September 30, 2021.

Reference-www.estrategiasdeinversion.com

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