Galp Solar - distributed energy solutions
Galp developed a distributed renewable energy production solution, Galp Solar, based on smaller scale solar power generation systems and services aiming at maximising energy consumption and efficiency both to B2C and B2B segments.
Galp Solar uses advanced technologies, such as satellite image analysis, artificial intelligence algorithms and big data, to optimise the acquisition and installation cost of distributed solar panels, offering the solution that is best suited to the customers’ needs.
During the year, Galp launched the Galp Solar brand in Spain, established important partnerships, and ramped up in half-cut solar cells, building the basis for fast and profitable growth in the coming years.
At the end of 2022, Galp Solar had carried out 5,328 installations in Portugal and 2,397 in Spain, ending the year with 7,725 installations in total, which corresponds to an installed capacity of c.24.7 MW. In 2022, Galp Solar was considered the fastest growing distributed energy player in Iberia.
This brand aims to further position Galp to thrive through energy transition, with an innovative digital approach. Going forward, the Company will seek the development of new products and services (e.g. batteries, EV chargers, and home solutions) to capture the high potential of the Iberian market.