(BFM Bourse) – Founded in 2009, the Breton company manufactures and markets solar systems to follow the path of the sun like a sunflower. OKwind is counting on the Stock Exchange to accelerate its deployment in France and internationally on the promising self-consumption market.
OKwind hopes to find a place in the sun on the very promising solar tracker market, axes that allow the movements of the star to be followed. This technology deployed by the company is presented as a self-consumption solution allowing its customers to generate and consume their own renewable energy.
The company says it is driven “by the desire to provide an immediate response to the environmental emergency by limiting the use of fossil fuels.” And it is with this wish that the company based in Torcé in Ille-et-Vilaine plans to go public. The Autorité des marchés financiers (AMF) has just registered OKwind’s registration document, the first step towards an introduction on Euronext Growth Paris.
Founded in 2009, OKwind had started its activity in the wind energy sector. The “wind” still visible in the name of the company, is the witness of this bygone era. The Breton company is now focusing on solar energy. The solar trackers developed by Okwind are two-axis and two-sided panels that pivot throughout the day, following the path of the sun. This system provides stable and linear energy production and energy autonomy 10 to 30% greater than that of a fixed installation, indicates OKwind.
A turnkey self-consumption solution
The solution deployed by the company is based on artificial intelligence algorithms. It thus enables users to make appropriate decisions in terms of energy production and consumption in real time. Thus, 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 cost of electricity for 30 years, a period which corresponds to the production guarantee of the photovoltaic panels.
The group currently has more than 2,000 installations throughout France serving more than 1,500 professional customers (farms, local authorities and manufacturers) as well as individuals, via its subsidiary Lumioo. In addition to installation and commissioning, OKwind takes care of the detailed preliminary study of the installation site and the administrative procedures. System maintenance, whether carried out remotely or on site, is carried out by the group.
The technology provided by OKwind “also meets the challenge of decentralizing energy production in favor of short circuits”. “Okwind thus offers a sustainable response, immediately available and economically viable since it guarantees stability in the cost of electricity in an inflationary context”, adds the company in its press release.
Since 2015, the company has generated dynamic growth of around 75% on average annually. Last year, the group saw its sales amount to 25.2 million euros, up 26% compared to 2020. As part of its IPO project, OKwind intends to continue its development in France and intends to replicate its model internationally. The OKwind group thus hopes to increase its turnover to 35 million euros this year and to 175 million euros by 2026.
Sabrina Sadgui
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