Belgium-based solar company Solora is poised to expand its battery storage business and strengthen its presence in the Benelux market following an investment from two new shareholders: Junction Growth Investors Fund and BNP Paribas Fortis Private Equity.
Company Overview
Solora specializes in engineering, procurement, and construction (EPC) services, as well as operating and maintaining (O&M) services for solar energy systems. The company aims to evolve into a comprehensive solutions provider, focusing on power generation, energy consumption—including EV charging—and battery energy storage systems (BESS).
Track Record
Over the past decade, Solora has delivered O&M services for 1,500 solar installations totaling 1.2 GWp across Belgium and the Netherlands. In the last three years alone, the company has installed more than 100 MWp of solar systems, featuring over 250,000 panels. Recently, Solora has entered the French market by offering monitoring and maintenance services, further diversifying its portfolio.
Investment Details
The investment deal allowed Junction and BNP Paribas’ unit to join founding shareholders Jan Van Der Haegen and Tim Weyens. However, the specific terms of the agreement have not been disclosed.
This investment is expected to bolster Solora’s capacity to provide innovative energy solutions, particularly in battery storage, as the demand for renewable energy continues to rise in the region.
Sources
- Solora Official Website
- BNP Paribas Fortis Private Equity Press Release
- Junction Growth Investors Fund Overview
