Prior to its exit from the UK market, SunEdison possessed a portfolio of nearly 1000 rooftop solar installations known as the Energy Saver Plan. Ecotricity announced the acquisition on the day SunEdison failed for bankruptcy in the US.
“This is an exciting and important step for Ecotricity” said the company’s founder, Dale Vince. As a company, we want to help more people generate their own power at home. The government’s cuts to the feed-in tariff, and its broader attack on the renewables industry, have caused a significant problem for companies like SunEdison: we have seen some go bust and others quit the UK market as a result, losing a lot of jobs as a result. This is our first step into the domestic solar market, and as the price of the technology continues to fall, we’re confident that it’s only a matter of time before we can resume the work SunEdison started and help more homes take advantage of solar power.”
Mr Vince added that the company sees a big future for renewable technology in Britain. Small wind and rooftop solar will allow more people to generate their own power at home, decentralising the energy sector and putting power generation in the hands of ordinary people.
Ecotricity currently supply nearly 200,000 customers with electricity generated from a fleet of wind and solar farms. The last occasion on which the company made an acquisition was in 2014 when they rescued Evance from administration, uniting them with other supply chain companies in a new company called Britwind.
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