Financing Options

• High demand for micro-invert­ers based on patent­ed high-fre­quen­cy tech­nol­o­gy in the wake of the rapid­ly grow­ing expan­sion of pri­vate PV systems
• Glob­al mar­ket vol­ume for micro-invert­ers will grow to more than EUR 5.7 bil­lion by 2026
• Great inter­est and ini­tial col­lab­o­ra­tions with well-known part­ners under­pin supe­ri­or technology

Solar­na­tive GmbH, devel­op­er and pro­duc­er of the inno­v­a­tive “Pow­er­Stick” micro-invert­er based on its patent­ed high-fre­quen­cy tech­nol­o­gy, intends to accel­er­ate its growth and diver­si­fy its cap­i­tal struc­ture by adding anoth­er financ­ing com­po­nent. To this end, the man­age­ment is con­sid­er­ing the issuance of a high-yield cor­po­rate bond, which would com­ple­ment pre­vi­ous equi­ty cap­i­tal increas­es totalling over EUR 18 million.

Invert­ers con­vert the DC elec­tric­i­ty of pho­to­volta­ic (PV) sys­tems into AC elec­tric­i­ty. So-called micro-invert­ers con­trol each PV pan­el indi­vid­u­al­ly. Accord­ing to Ener­gia Mar­ket Research, the mar­ket for micro-invert­ers is grow­ing at an annu­al rate of 17% to reach a glob­al vol­ume of EUR 5.7 bil­lion in 2026. The main dri­vers for the increas­ing glob­al demand for high-per­for­mance micro-invert­ers are the ongo­ing ener­gy tran­si­tion and the ris­ing glob­al elec­tric­i­ty con­sump­tion. Micro-invert­ers have many advan­tages over the string invert­ers that have dom­i­nat­ed res­i­den­tial PV sys­tems in Europe to date, includ­ing improved roof area util­i­sa­tion and elec­tric­i­ty yield, and greater safe­ty. In the US, micro-invert­ers with indi­vid­ual con­trol dom­i­nate the roof-top mar­ket due to fire safe­ty con­cerns, and string invert­ers have to be sup­ple­ment­ed by auto­mat­ic shut-down elec­tron­ics on mod­ule level.

Solar­na­tive launched its bal­cony pow­er plant solu­tion at the turn of the year, offer­ing pri­vate house­holds a sim­ple and safe option for the pri­vate ener­gy tran­si­tion. The mar­ket launch of the com­plete sys­tem for pri­vate rooftop sys­tems is planned for the mid­dle of the year.

“Thanks to our unique, patent­ed high-fre­quen­cy tech­nol­o­gy, we have devel­oped the ‘Pow­er­Stick’, a micro-invert­er that is not only sig­nif­i­cant­ly small­er and eas­i­er to install, but also has a much longer prod­uct life. With the planned addi­tion­al financ­ing, we intend to cap­i­talise on our tech­no­log­i­cal lead and sig­nif­i­cant­ly accel­er­ate our pace of devel­op­ment in the Ger­man mar­ket, before grad­u­al­ly expand­ing into oth­er Euro­pean coun­tries,” explains Julian Matthe­is, CEO of Solarnative.

Part­ner­ships with well-known com­pa­nies in the indus­try under­line the strong appeal of Solarnative’s tech­no­log­i­cal solu­tions.  Solar­na­tive expects to announce fur­ther details shortly.