Highlights
• Leasing now live in 5 European markets 
• Number of leasing customers up 3x from 169 to 527 since Dec 20 
• Capital deployed on leasing assets NOK 31m out of Q2
• Otovo leasing share of net sold projects 25% in Q2 and increasing

Set up for deployment growth
The leasing product for residential solar installations is gaining traction. Out of Q2 leasing accounted for 25% of Otovo’s total sales, and the share is increasing. EDEA’s capital deployment will increase through growth in existing markets, entry into new markets and the launch of leasing of additional hardware. 

- We continue to expand our leasing offering and are now present in five European markets. We are building a solid subscription business that gives our customers predictable green power without any upfront investment, and returns stable cash flows on 20 year contracts to our investors. We have proven the business model, now we look forward to delivering deployment, says EDEA CEO, Cecilie Ellila Weltz.

Please find attached the half-year presentation that Weltz will give as part of the Otovo webcast, hosted by Arctic Securities at 09:00 15 July on the following link:
 
https://teams.microsoft.com/l/meetup-join/19%3ameeting_MDhmYzMxZTEtZTNhZi00MDM5LTgxYjEtMWFhYjE2ODYzYTFh%40thread.v2/0?context=%7b%22Tid%22%3a%22d02701f9-3b23-4b3f-8fce-29ed54632bf8%22%2c%22Oid%22%3a%220e4769c3-7b47-4dbd-a752-df8039f73395%22%2c%22IsBroadcastMeeting%22%3atrue%7d