Ecotricity, a major green energy company in Britain, announced that it has acquired the home rooftop solar business of SunEdison. Before exiting the UK, SunEdison had built a portfolio of nearly a thousand rooftop solar installations, a product known as the Energy Saver Plan.
The news comes on the day SunEdison Inc. filed for bankruptcy in the U.S.
“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 SunEdison: we have seen some go bust and others quit the UK market as a result, losing a lot of jobs as a result,” said Dale Vince, Ecotricity founder.
“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,” he added.
Ecotricity, who now supply approaching 200,000 customers from a fleet of wind 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.
“We see a big future for renewable technology of this scale 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 in the hands of the people,” said Dale.