Renewable Energy Installer REI Feb/Mar 17 | Page 28

Knowledge: Solar PV
Lightsource Renewable Energy
acquires residential portfolio
Lightsource Renewable Energy, Europe’s
leading solar energy company, has
completed the purchase of a 1.32MWp
portfolio of residential solar installations.
The portfolio is comprised of 469
installations across the UK from Ecos Solar
Nine in a deal valued at £2.3million.
As part of the deal, Lightsource will receive
the Feed-In Tariff (FIT) payments from
the installations and will manage the
maintenance of the systems for the length
of the FIT term. The latest portfolio, which
has an average installation size of 2.8kWp,
was introduced to Lightsource by real
estate specialists Strutt & Parker.
Lightsource is looking to substantially
invest into its residential rooftop portfolio
over the next five years. The company
is currently exploring opportunities to
purchase both domestic and commercial
systems in 2017. Lightsource has also
recently launched a new buyback scheme
that allows businesses and homeowners to
realise a cash lump sum for their existing
rooftop solar installations.
With the largest solar O&M fleet in
Europe, at just under 2GW, the company
has invested heavily in its best-in-class
monitoring infrastructure, which allows
its in-house team to monitor hundreds
of thousands of PV systems. Clients can
be assured that they will receive the best
possible performance from their system
in terms of electricity generation, carbon
savings and financial savings on their
energy bills.
Kareen Boutonnat, COO at Lightsource,
said: “We are delighted to announce this
latest portfolio acquisition as it marks an
important step into our continued growth
in 2017. We believe that decentralised
energy is the future and offers consumers
new levels of control, security of supply
and value for money.”
“Managing a residential portfolio is not
an easy task as it can be difficult to service
lots of disparate systems with different
components. However, over the last six
years we have built up solid in-house
expertise in finance, development,
asset management and operations &
maintenance, which gives us the perfect
foundation for expansion in this area.”
“We have an exciting pipeline of projects
on the horizon for the coming year, which
will allow us to build on our reputation as a
trusted partner that always delivers.”
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For more information visit
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Go with the future today
01233 512014
www.renewableenergyinstaller.co.uk | 29
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