NetOn aspires to become a benchmark in the growing market of self-consumption of energy for companies and to this end will soon be setting up offices in Bilbao and Barcelona. The company, which has a network of design and processing engineering companies, is already developing proposals for industrial clients and has also signed alliances with technological and commercial partners, such as Lonjas Tecnología.
The platform offers self-consumption solutions to industrial companies through a comprehensive management model, including financing, installation and operation of renewable installations. According to NetOn’s model, the customer will not have to pay for any investment, accessing substantial savings on their electricity bill and a stable electricity price guaranteed in the long term.
The Roadmap for self-consumption in Spain
Spain and other southern European countries have proactively removed barriers to the development of clean energy self-consumption projects in recent years. NetOn believes that the growth of this segment of the renewable sector is critical to meeting the European Commission’s 2030 climate and energy framework targets.
In December 2021, the Spanish Ministry of Ecological Transition and Demographic Challenge launched the Self-consumption Roadmap for public consultation, which proposes that the country should reach up to 14,000 megawatts (MW) of installed self-consumption capacity by 2030.
Spain, a core market for NetOn, already has more than 2,500 MW of self-consumption projects in operation and has very favourable conditions to become a leading country in self-consumption.
To date, 547 Energy has invested in ConnectGen, BlueFloat Energy and Aer Soleir and is backed by Quantum Energy Partners, which together with its affiliates has already managed over $18 billion in capital commitments since its inception in 1998.