PassivSystems Announces Contract For 20K Houses Free Solar
PassivSystems Limited has announced that it has been awarded an exclusive contract with a wholly owned subsidiary of Macquarie. The contract will provide the monitoring of a significant 'free solar PV' roll-out campaign targeting an initial estimated 20,000 "“ 25,000 home portfolio of rooftop solar photovoltaic systems in the UK.
Macquarie will fund the installation of solar PV systems, providing free daytime electricity at no cost to the end users. PassivPro, the irradiance-adjusted solar PV monitoring platform from PassivSystems will remotely capture generation data and provide alerts of any intermittent faults, as well as in-depth analysis of the portfolio to safeguard these assets and maximise solar PV yields for Macquarie and their installers.
The exclusive contract allows PassivSystems to work with Macquarie and its installation partners to deliver the installation of free residential solar panels and monitoring on up to 1,500 houses a month.
The systems will generate a stable 20-year inflation-linked income through the Feed-In Tariff ("FIT") subsidy scheme offered by the UK government. To ensure FIT processing is simple and that deadlines are met, PassivPro generates quarterly FIT reports containing the data required for the chosen energy company to process the FIT payment. Homeowners and tenants will benefit from having access to the electricity produced by the systems at no additional cost to themselves.
Colin Calder, CEO and Founder of PassivSystems, said: "The way in which organisations monitor their solar PV systems can make the difference between an investment fully realised and an investment exposed to unnecessary risk. The rooftop PV systems managed on the PassivPro platform will provide consumers with green, sustainable energy and help to reduce their energy bills. With energy bills rising, this partnership with Macquarie will see us provide households with free rooftop PV and could not have come at a better time for consumers."
PassivSystems operates an irradiance-performance solar PV monitoring platform, PassivPro, which currently monitors over 15,500 residential systems. Their Global System for Mobile Communications "GSM" meter management service is designed to support different meter types and sustain ultra-large portfolios aggregated from many different sources.
