Skysun, an independent solar energy company, secured €16.85 million in Series A funding from Wallonie Entreprendre and Andera Partners to expand its growth in Belgium and France, aiming to meet sustainable energy demands.

Target Company Overview

Skysun is an independent energy production company founded in 2017 by Arthur Dawans and Léopold Coppieters, specializing in the development, installation, and management of solar panels for businesses. The company allows entities to install photovoltaic panels on their roofs, parking lots, land, and facades without upfront costs, offering a zero capital expenditure (CAPEX) and operational expenditure (OPEX) service. The generated electricity is used for self-consumption, with any surplus sold to energy communities or on the grid, ensuring a low-cost energy supply.

Having achieved profitability in 2022, Skysun is seeking to expand its operations in Belgium and France with a new growth plan aiming to cover the equivalent annual energy consumption of 200,000 households. The company has previously secured €5 million in subordinated debt to finance its projects with AG Real Estate. Its current €16.85 million Series A funding round is backed by the public fund Wallonie Entreprendre (WE) and the Paris-based infrastructure fund Andera Partners, which will be utilized to promote sustainable development through renewable energy parks for SMEs, industry, and the real estate sector.

Industry Overview in Belgium and France

The renewable energy sector in Belgium and France has been witnessing a significant transformation in response to global climate change initiatives and European Union mandates for greener energy solutions. Both countries have set ambit