Under the terms of the agreement, Elgin has acquired 100 percent of the share capital of Amberside Energy (Development) Ltd.
This acquisition has significant synergies that should accelerate the delivery of new renewable energy assets in the UK, providing predictable and affordable power at a competitive cost and decarbonising energy production.
Amberside Energy’s remaining business continues to provide software solutions to developers and asset management services.
“This is a great strategic acquisition to grow our pipeline across the UK” said Ronan Kilduff, CEO of Elgin.
Elgin is a fully integrated, utility-scale solar+ storage platform, bringing projects from origination through development to energisation. The company has a 16 GW+ pipeline, spanning solar, co-located and storage projects across the UK, Ireland, Germany, Italy and Australia.
The company has successfully delivered over 1.4 GW of projects to date and has established itself as a trusted partner in renewable energy, known for its 98 percent success rate in securing planning permission.
Traditionally divesting of projects at ready-to-build status, Elgin is now focussing on its ambition to become a leading Independent Power Producer in Europe, as evidenced by their recent acquisition of 318 MW of solar and storage projects in the UK from Foresight Group.
Founded in 2009, Elgin operates across offices in Dublin, London, Ulm, Rome, Madrid and Sydney, with a team of over 130 professionals driving the delivery of large-scale renewable projects.
“This strategic sale allows Amberside Energy to sharpen its focus on our core competencies - creating advanced software and data analytics solutions for project development and operational asset management” added Marc Scambler, Co-Founder and CEO of Amberside Energy. “By doing so, we can extend our reach and deliver these solutions to a broader market beyond our internal operations.”
Amberside Energy (Amberside) creates software solutions for developers, asset managers, and institutional funds to improve the governance, accuracy, and success of energy and infrastructure projects.
It also provides asset management and accounting services for energy assets with a focus on performance improvement rather than just delivering a low-cost service.
For additional information:
