ACCIONA Energía acquires Solideo to boost self-consumption and distributed generation businesses

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ACCIONA Energía acquires Solideo to boost self-consumption and distributed generation businesses

12 de June de 2023

ACCIONA Energía, in a joint venture with ACCIONA, announced today the acquisition of a majority stake in Solideo, a leading company in self-consumption and energy efficiency solutions for residential customers and small and medium-sized enterprises (SMEs).

Solideo also offers batteries for electric storage, charging points for electric vehicles and aerothermal air conditioning systems. The company’s business plan includes the launch of new business segments such as distributed generation (small-scale and close to the consumption points), the creation of solar communities or sale of energy.

Created just three years ago, Solideo has reached a leading position in Catalonia in self-consumption of electricity, with a market share of 20%.

Last year, the firm began its expansion strategy to the rest of Spain, opening offices in Madrid, Malaga and Alicante. Its plan for the coming years is based on continuing its geographic expansion to achieve nationwide coverage.

In addition to having completed nearly 2,400 residential installations by 2022, Solideo serves institutional and corporate clients such as the Department of Education of the Generalitat de Catalunya, the City Council of Reus, the Chemical Institute of Sarriá, Allianz or Veritas.

ACCIONA Energía already offers energy services in Spain to corporate clients and public bodies such as Unibail Rodamco, Merck, González Byass and the City Council of Gijón, among others.

The integration of Solideo gives ACCIONA Energía access to the domestic and SME self-consumption and energy efficiency solutions businesses, with significant synergies with other group’s units.

A GROWING INDUSTRY

According to data from the Spanish Photovoltaic Union (UNEF), self-consumption of electricity grew in Spain in 2022 to 5.2GW (+108%), split between industrial (47%), residential (32%), commercial (20%) and isolated (1%). The National Markets and Competition Commission (CNMC) estimates that this type of electricity consumption will reach 15.6GW in 2025.

The European Union (EU) also approved last May the so-called European Solar Roof Initiative, which estimates that, with an appropriate deployment strategy, this type of technology could meet 25% of the EU’s electricity consumption.

DATA PROTECTION INFORMATION

In compliance with Regulation (EU) 2016/679 on Data Protection and with other Data Protection regulations in force, you are hereby informed that your personal data shall be processed by Corporación Acciona Energías Renovables, S.A., whose identification data are as follows: Tax ID No. (NIF): A-85483311, Address: Avenida de la Gran Vía de Hortaleza, 1 28033 (Madrid), Tel.+34 91 657 64 61. Your data shall be processed in order to address and manage your queries, requests, claims and suggestions, as well as send information, regarding our products and services through electronic means (all of these, hereinafter the “Request”).

The consent given by the data subject by indicating that they have read and accept this data protection information comprises the lawfulness of processing, and if a contract had been entered into with the interested party, legitimation shall be for the compliance of legal obligations derived from the aforementioned contract and for the enforcement thereof. We will only process the essential data that you provide in your application, such as your identification data (name, surname, language, contact details) and data related to the business area of your interest. The data shall be stored only for the time to attend and answer your Request, and in any case, never for more than twelve months.

In case your Request is related to other ACCIONA solutions or businesses, we may communicate your personal data to another entity of the Group (you can consult a list of ACCIONA Group companies at www.acciona.com/shareholders-investors/financial-information/annual-accounts/), in order to be able to deal with your Request in a more efficient way. We also may give access to your data to service providers (such as technology service providers) who assist us in fulfilling this purpose. Some of its service providers, may be located outside of the European Economic Area in territories that do not offer a level of data protection that is comparable to that of the European Union. In such cases, we transfer User data with appropriate safeguards and always ensuring the security of the same. By accepting the privacy terms, you consent to your data being transferred internationally in order for your Request to be properly processed.

The data subject can exercise their rights of access to or rectification, erasure or portability of their data, and/or the restriction of or objection to the processing of such data, by contacting to Corporación Acciona Energías Renovables, S.L., by writing the Department of Data Protection located at Avenida de la Gran Vía de Hortaleza, 3 28033 (Madrid), or by sending the form available at:

If we consider it necessary in order to be able to identify you, we may ask you for a copy of an identity document. Furthermore, at any time the data subject may withdraw the granted consent by contacting the aforementioned address and file a claim to the Supervisory Authority (Agencia Española de Protección de Datos www.aepd.es).

For any further information you can visit the Privacy Police on the website.