Cecilie Ellila Weltz, who has previously held the combined roles of CFO at Otovo and CEO of Otovo’s leasing spinout EDEA, will from March 15th exclusively serve as full time CEO of EDEA.

- EDEA aims to become the leading company for financing of distributed energy assets in Europe, and I look forward to dedicating my time towards achieving this goal. My top priority is to increase our deployment potential and we will be looking to expand both geographically and into new product segments, says Cecilie Ellila Weltz, CEO of EDEA. 

EDEA was established by Otovo in June 2020 to provide a solar leasing product to residential customers across Europe. The Company now finances leasing of residential solar installations in Spain, Norway, Sweden and France.

- I am very satisfied that EDEA will now get Weltz’ full attention and we can accelerate the growth of the leasing portfolio. We will be looking to expand the leasing product inside Otovo, as we did by launching in France last week, and will consider acquiring portfolios or leasing originators on the outside, says Andreas Thorsheim, CEO of Otovo and Chairman of EDEA’s board of directors.