Vestas and Mangopay strengthen their partnership to improve Covento payment flows

vestasthe global leader in sustainable energy solutions, has expanded its collaboration with mangopayprovider of platform-specific payment infrastructures, to manage the payment flows of conventhis B2B marketplace dedicated to parts for the renewable energy sector. Reinforcing their collaboration born in 2021, the enhancement of their partnership will make it Mangopay who manages all payment flowsstreamlining the procurement process for renewable products and offering a seamless checkout experience similar to B2C e-commerce sites.

The renewable energy market is experiencing significant growth, with a valuation of $1.1 trillion in 2022 and an expected compound annual growth rate (CAGR) of 16.9% from 2023 to 2030. Initially launched in France, Denmark, Germany, Spain and the Netherlands, Covento is at the forefront of this industry, offering a full range of 40,000 renewable refills. Covento is revolutionizing the renewable spare parts marketcurrently highly fragmented, through a process of digitization, simplifying, connecting and providing an end-to-end solution for supplier consolidation and, furthermore, streamlining the traditionally onerous and costly procurement process.

Marketplaces like Covento play a fundamental role in the transparent and efficient purchase of renewable energy materials. The adoption rate of B2B marketplaces global companies has grown 8.6 times since 2025, with a combined enterprise value of $214 billion. While marketplaces offer opportunities for businesses to innovate their buying and selling experience and reach new audiences, customers are looking for a seamless checkout process that emulates traditional e-commerce sites, covering every touchpoint, from the wallet of products to the payment process.

The main challenge for Covento is to offer a comprehensive experience that allows for easy reconciliation, reimbursement processes, and dispute management. Leveraging e-wallet technology, Covento can route payments and optimize them based on specific business rules and reconciliation processes. In addition, the Mangopay payment solution guarantees a secure payment to users.

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Casper Algren, Commercial Director of Covento, underlines: «Covento is on a mission to become the leading B2B marketplace for the renewables industry, facilitating global e-commerce for both buyers and sellers. The payment experience plays a crucial role in achieving this ambition, and we are delighted to collaborate with Mangopay to unlock new payment capabilities for our marketplace ecosystem.”

Romain Mazeries, CEO of Mangopaycomments: «Covento is an excellent example of a thriving platform in the rapidly growing renewables market. B2B payments are at the heart of the B2B marketplace and play a critical role in making it easy for both buyers and sellers to coordinate and execute complex transactions in just a few clicks. We are proud to support Covento on its journey to become an industry leader in renewable energy parts and services and underpin a vital component of its business model.«.

The extension of the partnership between Vestas and Mangopay marks an important milestone in the evolution of Covento, reinforcing its position as one of the main marketplace for renewable energy parts and services.

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