The leading financial daily of the Nordics, Dagens Industri, yesterday was first outlet to report that we have secured a major investment from seven of Sweden’s most recognized investors during summer. The injection of 8 MEUR increased the value of our company tenfold, and will enable us to increase the speed of our expansion and thereby cut CO2 emissions even more rapidly. One first step will be to branch out operations to Spain in November.
Some excerpts from yesterday’s article:
– We are extremely happy to see such competent and experienced investors, who have built very successful companies of their own, come onboard as partners. It’s a sign off on our business model and expansion strategy by very credible players, says Niklas Engström, CEO and one of the founders of Bright Sunday>
The capital injection takes Bright Sunday closer to reaching its short term goals.
”We are now aiming to invest at least 250 MEUR during the coming four years while delivering a positive net result. Moving into Spain, one of Europe’s biggest and most important market for solar energy will be one first important step in reaching that goal, says Niklas Engström.”
If you find the piece interesting and want to know more about Bright Sunday and our mission for a more sustainable future, do not hesitate to contact us.
Today Bright Sunday and our CEO Niklas Engström are featured in Dagens Industri, the largest financial daily in the Nordics. They report on our renowned investors and our first round of projects being installed around Portugal.
It sure feels great to finally take the lid off and show the fruits of all the hard work that has gone into creating what is now a well oiled machine set on rapid expansion during the coming years.
Make sure you follow our journey to create maximum positive climate impact by installing clean tech solutions free of charge, while at the same time giving our investors a competitive return on investment.
Please contact us if you are interested in getting your own clean tech solution, whether it’s LED, Solar PV or storage solutions. And do the same if you are looking to make low risk, high return investments with a strong climate impact.
Read the article here (only in Swedish):
Photo: Trina Solar
Trina Solar is one of the leading solar photovoltaic manufacturer in the world. The company is based in the Chinese province Jiangsu, but have branches across Asia, Europe and the US. Since 2006 Trina is listed at the New York Stock Exchange.
Bright Sunday has a frame agreement with Trina Solar to be able to get high quality products while also getting the economy of scale. The capital cost of solar panels makes up the majority of the total cost and getting the panels on time at the right price is crucial to being able to deliver on time. This benefits local sales partners as well as the Host companies where the systems are installed. Lower prices, better quality, renewable energy – what’s not to love?
Bright Sunday has strict requirements on the products being installed and Trina Solar’s emphasis on lowering their own climate impact is an important factor. As Trina Solar is truly a global player, it’s the perfect partner to realize Bright Sunday’s ambition of making investments in cleantech where it makes the most sense for the climate as well as the wallet.
Today Niklas Engström joined Bright Sunday as our new CEO. Niklas has 20 years of experience equally split between management consulting and from C-level positions in large cap Nordic companies. Niklas holds a Ms.C in Industrial Economics and Management from KTH, the Royal Institute of Technology, Stockholm.
-I’m excited to join Bright Sunday at this point. Not only is it an amazing business model, the timing in the market is perfect with solar energy now being competitive without subsidies. For me personally, the chance to be a part of making sure we get less CO2 in the world on commercial terms made the decision to join easy, says Niklas Engström.
Niklas focus will be building on the strengths of Bright Sunday’s offer, which means making sure we have a strong flow of projects in markets where there is a lot of sunshine and where the climate impact would be strong, while also securing attractive terms for our Enablers – companies and individuals who want to invest in cleantech. Niklas has a proven track record of delivering on a promise and the rest of the Bright Sunday team will work together with him to continue that tradition.
Contact Niklas directly for general corporate matters and specifically regarding investment inquiries in the Contact us.
Where you put up your solar panels makes a whole lot of difference. Let’s say you invest in solar in Portugal instead of Sweden. What would the difference in energy generated, global CO2 reduction and return on investment be? We did the math so you don’t have to.
Energy: The amount of electricity produced is calculated based on the IEA-PVPS figures for mean yield on selected markets. Prices on different markets may differ and if the price to buy and install a system in Portugal is lower than in Sweden, the energy output from your investment will be even greater.
Revenue:Replacing the need to buy electricity from utilities is one of the key benefits with solar energy. When calculating savings we consider a set up with 100% self-consumption. Incentives may change over time, therefore we consider an incentive-free investment.
CO2-reduction: Calculating the reduction of CO2 from a solar installation depends on what kind of energy you replace. We look at a macro market level where we replace the current electricity mix on the market. The calculation does not include lifetime cycle analysis of the panels due to the lack of updated information sources. Panel emissions vary between around 39g to 49g CO2/kWh for an irradiation of 1700 (Sweden has 950). Price is also a factor when considering which panels give the highest CO2-offset for your investment.