Okwind: With its solar trackers, OKwind aims to be a solution to the surge in energy prices

Okwind: With its solar trackers, OKwind aims to be a solution to the surge in energy prices

Okwind: With its solar trackers, OKwind aims to be a solution to the surge in energy prices

OKwind is up 37% since its IPO

(BFM Bourse) – OKwind hopes to find a place in the sun in the promising solar tracker market in the face of soaring energy prices. Listed on the stock exchange last July on Euronext Growth, the Breton company has seen its price rise by more than 37% since its first steps on the stock exchange.

Rising energy prices are a real problem for the food, chemical and metallurgical industries. And this is where OKwind intends to play its cards right. Founded in 2009, the company manufactures and markets solar systems to follow the path of the sun like a sunflower. The solution implemented by the company is based on artificial intelligence algorithms. It therefore allows users to make appropriate decisions in terms of energy production and consumption in real time.

A turnkey solution for self-consumption

OKwind promises its customers up to 70% energy autonomy and up to 20% reduction in energy costs, with a return on investment of less than 10 years. In the current inflationary context, the company hopes to stand out by offering its customers a stable electricity cost for 30 years, a period that corresponds to the production guarantee of the photovoltaic panels.

This system provides a stable and linear energy production and an energy autonomy from 10 to 30% higher than that of a fixed installation. Above all, this technology presents itself as a self-consumption solution that allows its customers to generate and consume their own renewable energy.

OKwind hopes to find a place in the sun in the promising solar tracker market in the face of soaring energy prices. It is this strong argument that has won over the Janzé chicken cooperative located near Rennes. The commercial agreement signed with OKwind will allow 63 operators of this cooperative to increase their energy autonomy and reduce their electricity bills.

The Janzé chicken cooperative then offered its members group purchase of OKwind solutions to meet their energy needs while improving their carbon footprint. “Nearly 40% of the 170 members responded favorably to the proposal and will be equipped with intelligent solar trackers by November 2022,” OKwind indicated in its press release.

A title that has the wind in its sails

Since 2015, the company has generated dynamic growth of around 75% on average per year. Last year, the group recorded a turnover of 25.2 million euros, up 26% compared to 2020. To accelerate its diffusion in France and abroad on self-consumption, the company raised over 20 million euros on the occasion of its last IPO July on Euronext Growth The group hopes to increase its turnover to 35 million euros this year and 175 million euros by 2026.

Considered as a credible alternative in the face of soaring energy prices, the dossier has its sails in hand on Euronext Growth. OKwind stock had a brilliant summer with an increase of over 37% since its IPO to € 10.81 on 6 July.

Sabrina Sadgui – © 2022 BFM Borsa

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