In connection with the acquisition, Niam Infra will invest additional capital to expedite the expansion of Bright Sunday across multiple European markets. By investing in Bright Sunday, Niam Infrastructure can accelerate the energy transition by providing customers a sustainable and long-term solution to reduce their carbon footprint and electricity bill.
Bright Sunday offers commercial and industrial customers solar PV electricity as a service with zero upfront investments and savings from day one.
The portfolio today consists of 65 solar projects with a total installed capacity of approximately 20MW allowing 54 customers to produce electricity for onsite self-consumption. Bright Sunday's current portfolio is located in Portugal and Spain, but the company plans to expand across Europe with the support of new capital from Niam Infra. The goal is to build the leading pan-European supplier of solar-as-a-service for commercial and industrial customers. Onsite self-consumption solar for commercial and industrial users is fundamental to reduce dependence on imported fossil fuels as well as reducing CO2 emissions with an estimated required investment volume of more than €100bn until 2030.