UK Rooftop Solar PV Receives £125 Million Boost For 2015

Lightsource | News Release — Europe’s leading solar energy company, Lightsource, officially affirms its commitment towards UK rooftop solar PV deployment by announcing a dedicated investment of over £125 Million for 2015.

The company has established an unrivaled track record within the UK solar industry, deploying over £1.5 Billion in just four years.

Demonstrating a ferocious appetite for development, Lightsource is firmly on track to become the first solar company to reach a 1 Gigawatt operational portfolio of assets in the UK by the end of March 2015.

Nick Boyle, CEO of Lightsource comments: “Over the last few months, Lightsource has worked persistently to address the barriers to rooftop solar deployment. The biggest breakthrough has been our midscale solar power purchase agreement (PPA) which is praised for its simplicity by end users and installers alike. This has enabled a significant pipeline to emerge and therefore we are able to affirm our commitment of £125 Million, allocated specifically towards rooftop solar projects.

“Now that we have allocated the funds, relationships with installers will be key in realizing our ambition. Therefore, we are keen to seek out these partnerships and work with local supply chains.

30 installer firms have already signed up with us and I would like to see that double in the next couple of months.”

This £125 Million will be allocated to rooftop solar projects in the UK with an overall ambition of delivering 120 MW to include commercial buildings, schools, households and social housing.

Lightsource is inviting installers to a special drinks reception at Ecobuild on Tuesday 3rd March, at 5.30pm, to meet with its CEO Nick Boyle and other senior representatives of the business to discuss partnership opportunities, funding for projects and installation agreements.

Nick Boyle continues: “I look forward to meeting with more installers at Ecobuild and forging partnerships that will unlock the UK rooftop solar market, which we all recognize has huge potential.

The strength of our rooftop pipeline is evidence of this great opportunity and installers working with us will benefit from leveraging our in-house capability, financing and procurement; all of which plays a vital role in bringing projects to fruition.”


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