ENcome ranked a top independent O&M provider by GTM Research

13.02.2018

Klagenfurt am Wörthersee – The very successful business development of ENcome has now also been confirmed by top ratings from independent industry experts. On the backdrop of the ongoing expansion of their O&M services in 2017, the recently issued GTM Research report “Global Solar PV O&M 2017-2022: Markets, Services and Competitors” shows top rankings in the independent O&M service provider category, where ENcome was ranked No. 1 in Europe, and No. 2 globally.

"With more than 1 GW of PV capacity under management at the end of Q3 2017, ENcome is the largest independent PV O&M service provider in Europe and the second largest on a global scale. I am impressed with ENcome’s growth in 2017, achieved organically in a highly-competitive and fragmented European market. ENcome’s successful development illustrates a shift of the market towards professional O&M service providers", said Cedric Brehaut from SOLICHAMBA, the industry's preeminent analyst and author of the newly released GTM Research report.

“We are very pleased with the GTM rankings, which give evidence of our solid business performance in a competitive environment”, says Andreas Leimbach. “The market increasingly realizes that our professional O&M services are the major driver of yields, and long-term asset quality, not just a means to reduce costs”, explains Robin Hirschl. According to GTM Research, the total addressable market for PV O&M is expected to have reached 395 GW worldwide at the end of 2017. It will more than double by 2022 to exceed 900 GW worldwide.

ENcome intends to expand further, at least at market growth rates. Besides organic growth in Europe and Australia, ENcome also envisages further strategic partnerships and acquisitions in Europe following their “Buy&Build”-Strategy consequently.

Source: ENcome Energy Performance

Similar Entries

ENcome Energy Performance GmbH and Green Services Group have announced to merge their French O&M operations. Both partners will transfer their O&M activities and particularly the O&M business of KBE Energy, one of Green Services Group affiliates to the new joint venture company ENcome Energy Performance France SAS. Thereby ENcome France becomes one of the leading O&M providers in France with an O&M portfolio of approx. 150 MW.

During this year’s SolarPower summit in Brussels SolarPower Europe presented the the latest solar market data. This data shows that the European market growth has been slighty behind the global rate of 29.3 %. Nevertheless an additional 22.4 GW of solar power means that PV has done well in 2017.

Renewable energy saw the highest growth rate of any other energy source in 2017, according to the latest data by the International Energy Agency (IEA).

With 472 GWth installed at the end of 2017, solar heating and cooling was again the largest solar sector worldwide followed by Photovoltaics (402 GWp) and Concentrating Solar Power (5 GWel). The new report, Solar Heat Worldwide, highlights as well the increasing use of megawatt solar heating and cooling solutions for large public and private buildings as well as factories. The annual report was launched at the end of May by the IEA Solar Heating and Cooling Programme (IEA SHC). Lead author is the Austrian research institute AEE INTEC. With data from 66 countries, it is the most comprehensive annual evaluation of solar heating and cooling markets worldwide. In 2016 (most recent available data), the global solar thermal sector employed 708,000 people and reached a global turnover of EUR 16 billion (USD 19.2 billion).