TodayOtovo is announcing that the next three markets to be launched arethe Netherlands ,Belgium andSwitzerland . These three launches follow the successful market entries intoPortugal ,Austria and theUK this summer and will happen within 2022. -- This is a very exciting year forOtovo , where we finalise our ambition of becoming the first truly pan-European residential solar company. At the start of this year, we decided that the time was right to secure this position by the end of the year, and after launching the final three countries,Otovo will have entered every major solar market on the continent, saysOtovo CEOAndreas Thorsheim .The Netherlands will in 2022 probably be the largest residential solar market inEurope , and among the most mature globally. The value of solar energy has been thoroughly proven here, and consumers are highly educated on the merits of solar power already.Belgium is also a mature market for residential solar, with more installations per year than more populous countries likeFrance .Otovo will be among just a handful of players offering solar on a subscription model inBelgium , a significant competitive advantage.Switzerland is a quickly growing solar market, with a favourable subsidy scheme, high electricity prices, and good solar conditions.Otovo expects large ticket sizes, strong battery attachment rates and high subscription shares in this market, all of which contribute to good unit economics. Thorsheim adds: - These are among the more mature markets inEurope , and they remain fragmented, with small installers comprising the bulk of the installation volume. We're confident that our marketplace approach will contribute to the ecosystem in these markets, and accelerate the adoption of solar. AboutOtovo : For homeowners,Otovo is the easiest way to get solar panels on the roof, and batteries in the home.Otovo is a marketplace that organises hundreds of local, high quality and qualified energy installers. The company uses its proprietary technology to analyse the potential of any home and finds the best price and installer for customers based on an automatic bidding process between available installers. Follow us on investor.otovo.com for reports, financial calendar, contact details and more.
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