Lightsource Enters Commercial Rooftop Business With Renewable Resources Acquisition
Lightsource Renewable Energy has announced that it has acquired assets from Renewable Resources, the engineering, procurement and construction company that has developed the largest portfolio of commercial rooftops in the UK. This move will further affirm Lightsource's position as market leader of solar photovoltaic development in the UK and will help to unlock the huge potential that it believes exists in the commercial rooftop photovoltaic sector.
The deal means that Lightsource will move towards the goal of offering businesses savings of at least 20 per cent on their electricity bills, and the company will soon be offering a new "˜one-stop-shop' to roof owners.
Nick Boyle, CEO for Lightsource Renewable Energy explains, "Through our new commercial rooftop division, roof owners will be able to choose between self-funding solutions where we are able to make an attractive offer on design, installation and maintenance of solar photovoltaic panels, or a fully-funded, "˜Lightsource pays for everything' solution that would fix their electricity bill for 25 years through a power purchase agreement. Either way we target to ensure our rooftop clients achieve at least 20 percent savings on their electricity bills."
Boyle continued, "The experience we have acquired is extensive, with the Renewable Resources team having installed over 770 rooftops installations to date. Having a fully integrated engineering, procurement and construction team in-house means we can deploy at scale and speed, guaranteeing a quality service to our clients."
"We pride ourselves on trying to drive the market for deployment of large scale solar photovoltaic and this step demonstrates our ability and we believe it will influence and drive market change. Up to now, the commercial rooftop photovoltaic market in the UK has been slow to mature and our announcement today demonstrates our commitment to realise the huge, unrealised potential of this sector." Boyle Continues.
Lightsource has acquired skills and expertise enabling the company to bring commercial rooftop development in-house including installation itself, an area that Lightsource had previously chosen never to undertake. This expansion has retained 36 full time positions from the Renewable Resources team and it is anticipated that the team will grow rapidly over the coming months.
Boyle explains, "We have made the decision to bring the installation for commercial rooftop photovoltaic systems in-house because of its complexities in both design and installation. We now have the most experienced roof-top design team in the UK, in-house, to deliver the highest performing solutions to our clients."
"As one of the largest rooftop portfolio operators in the UK, we already have the experience and expertise to drive our plants to optimum performance. Combining this knowledge with design and installation capability makes our offering the most compelling product in the market."
