Otovo have sold all subscription assets in Norway and Sweden '20-'24 to Swiss Life Asset Managers.
Portfolio size
- ~1,600 active projects across Norway and Sweden as of closing
- Expecting similar numbers of projects to be built before end of agreement period, for a total of 3,000 - 3,500 projects.
Portfolio content
- Average power per system of 9.14kWp, producing 8,000-10,000 kWh/year in Scandinavian conditions, covering 30-50% of households energy needs
- Solar photovoltaic systems Portfolio performance
- High credit score, performing better than target default < 1%
- 20 year contracts