Irish company Activ8 Energies has announced its push into the UK market by acquiring solar panel installer Low Carbon Energy (LCE).
The 100% buyout of the Burnley-based firm comes as Activ8, which is 50% owned by SSE Airtricity, plans to double its turnover and installed solar capacity over the next few years.
It is eyeing more UK commercial infrastructure projects following recent work on a £3 million solar farm at John Lennon Airport in Liverpool.
The latest project, which goes live next month, will provide 25% of the airport’s electricity.
LCE, whose clients include BMW, Porsche, Co-op, Wickes and the NHS, has worked across more than 300 sites nationwide, delivering more than 60MW of installed solar capacity.
Ciarán Marron, CEO of Activ8 Solar Energies said: “This acquisition marks a transformative moment for Activ8 as we accelerate our UK growth ambitions.
“By combining the strengths of Activ8 and Low Carbon Energy, we’re better equipped than ever to deliver innovative, large-scale energy solutions for clients seeking sustainable energy security.”
Low Carbon Energy will continue operating under its existing brand in the near term, ensuring continuity for its existing customers while benefiting from Activ8’s resources and scale.
Irish firm Activ8 buys solar panel installer Low Carbon Energy appeared first on Energy Live News.