Ecotricity, Britain’s leading green energy company, has swooped to acquire the home rooftop solar business of Sun Edison, which has gone bankrupt in the US.
Before exiting the UK, Sun Edison had built a portfolio of nearly a thousand rooftop solar installations, a product known as the Energy Saver Plan.
Dale Vince, Ecotricity founder, said: “This is an exciting and important step for Ecotricity. 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 Sun Edison: 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.”
Ecotricity, which supplies nearly 200,000 customers from a fleet of wind farms and sun parks, last made an acquisition in 2014 when they rescued small windmill company Evance from administration. Uniting Evance with other supply chain companies, Ecotricity formed a new small windmill company called Britwind.