Wednesday, February 8 2023 Sign In   |    Register

News Quick Search



Front Page
Power News
Today's News
Yesterday's News
Week of Feb 06
Week of Jan 30
Week of Jan 23
Week of Jan 16
Week of Jan 09
By Topic
By News Partner
Gas News
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Bet Solar, the photovoltaic distributor with a turnover of 200 million and plans to expand into 4 countries

    November 22, 2022 - CE Noticias Financieras


      Bet Solar was born in 2015 in the midst of the decline of photovoltaic energy in Spain after the end of the premiums to distribute solar photovoltaic and energy efficiency equipment. In a down market its founder, Borja Pellicer, chose to focus on systems for off-grid isolated supplies, an activity of less volume for more stable. With the development of self-consumption installations, this distributor has multiplied its activity year by year, going from 2.5 million euros in its first year to 52 million euros in 2021.

      A figure that it expects to leave short this year, reaching 200 million euros. And its forecasts for the next financial year again shoot its sales up to nearly 400 million euros.

      "80% of our business today is self-consumption and the rest is isolated installations, where in addition to small installations we have also carried out major projects, such as in Afghanistan with the UN for rural areas," explains Pellicer himself, who has just received the Young Entrepreneur of the Year award from the Association of Young Entrepreneurs of Valencia (Ajev).

      The Valencian company entered Portugal last year and, in view of the strong demand for self-consumption plants, plans to increase both its network and its workforce. "In 2023 we are going to open six points of sale in Spain to be closer to customers," he says. Bet Solar plans to set up these centers in the center and in the north, as well as in Catalonia, the Balearic Islands and the Canary Islands. Its objective is to be able to expand its current capacity, which includes a central warehouse in Valencia with 10,000 square meters and another of 3,000 square meters in Seville. In addition, the Valencian company plans to increase its staff from 62 to 120 people.

      Along with this development in a strongly growing domestic market, Pellicer has also outlined an international plan to enter four more countries with its own subsidiaries: Italy, Poland, France and the United Kingdom. "These are markets where our suppliers want to replicate the growth they have had with us in Spain. We understand that Italy and Poland are the next steps because there is legislation there that drives the sector." His goal is for foreign markets to account for between 10% and 15% in the next few years. "In Spain we are in a sweet moment, but there is still a long way to go," says Pellicer, who believes that the biggest problem is the lack of skilled labor, which is why the company emphasizes training.

      The distributor is also expanding the range of products beyond solar panels and batteries with lines such as electric vehicle charging points or aerothermics for boilers. "Last year battery systems accounted for 5%, this year they are about 14% and in 2026 they could reach 50%," he says.


    Other Articles - International


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2023 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.