Forfar-based Forster Energy has agreed a partnership with Renewable Energy Investments to provide access to 100% funding for solar PV projects via a power purchase agreement.
This will enable Scottish businesses, public sector, commercial landlords and community groups an alternative way to fund clean energy generation projects, secure a reduced electricity tariff and reduce carbon emissions.
In return for the leasing of the airspace above their roof, community groups will receive a discounted rate on the electricity produced by the solar PV system for 25 years, guaranteed only to rise by RPI.
Steve Scott, Managing Director, Forster Energy, commented: “This partnership will make solar more widely accessible, particularly for those with a high energy consumption and whom funding has been a barrier to deployment”.
Clean, self-generated solar electricity not only significantly reduces energy costs, but helps commercial buildings comply with Section 63 of The Climate Change (Scotland) Act 2009.
Scott added: “With over 5GW of on-shore wind and barely 200MW of installed solar it is clear that solar combined with a growing energy storage industry can provide the necessary balance to help meet The Scottish Government’s renewable electricity aspirations.”
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