The acquisition of Swyft Energy now brings deeper solar PV capability to residential as well as business and farming customers of Bord Gáis Energy, as the company transitions to a green energy business.
Swyft Energy, a technology-led solar PV and boiler installation company, brings over six years of experience in delivering customer-focused solutions using a digital-first platform. This acquisition enhances Bord Gáis Energy’s highly skilled workforce and strengthens its customer proposition. With a target of 10,000 installations over the next 5 years, this will allow Bord Gáis Energy to compete better for the growing demand for solar energy in residential, commercial and agricultural sectors. Customers can save an average of 50-70% on their electricity bills with the installation of rooftop solar panels. he transaction delivers robust standalone returns aligned to Bord Gáis Energy and Centrica’s capital allocation framework and creates future optionality around customer-focused energy transition installations.
Dave Kirwan, Managing Director of Bord Gáis Energy, said, "Bord Gáis Energy is fundamentally repurposing its business to seek to become a leading green energy business, working towards energizing a greener, fairer future. We make energy, we store it, we move it and we sell it. In doing all of that, we are committed to achieving net zero by 2045, and to helping our customers reach net zero by 2050. We're working with our 730,000 residential, commercial and agricultural customers to help them become more energy efficient and move to renewable energy solutions. ”
“By 2030, Bord Gáis Energy expects all of its electricity customers to be powered with indigenous renewable generation. With Bord Gáis Energy and Swyft Energy combining to bring a great product with a highly skilled and talented workforce and deliver excellent customer service, we are confident of expanding our presence in this key green energy segment.”
Adrian Casey, Co-Founder of Company Swyft Energy added, "Joining Bord Gáis Energy allows us to scale our operations and bring innovative solar solutions to more homes and businesses, driving Ireland’s transition to a renewable future. We are excited to combine our technology platform and experienced team, with Bord Gáis Energy’s brand and large customer base to deploy energy products at scale over the coming years. The demand for Solar PV is driving forward at a pace, with many people keen to make the switch, especially when they realize potential savings.”
This transaction is subject to approval by the Competition and Consumer Protection Commission.
