Solar expert Olympus Power is looking to fund up to £75m of commercial solar installations to help businesses cut carbon emissions – and pay less for electricity.
“This is a great opportunity for businesses to get closer to net-zero emissions with a solar system paid for, installed and looked after for free, by us,” said Olympus Power MD Simon Nicholls.
In partnership with renewable energy investment company Thrive Renewables, Olympus is actively looking to spend the money on businesses in the UK that want to switch to solar.
Matthew Clayton, managing director at Thrive Renewables said: “Thrive is very pleased to provide funding to enable businesses to reduce their energy costs and carbon footprint using onsite solar power.”
“By installing solar PV off balance sheet and providing a long term zero carbon power supply contract, we can help businesses transition to cleaner operations and potentially take significant steps on their journey to net zero.”
All the business needs is adjoining land, or a suitable roof, and it doesn’t even have to be south facing. Olympus Power’s SolarSave™ power purchase agreement provides a turnkey installation with a full, lifetime maintenance package, without the need for capital investment. On average businesses will save 20% on their electricity bills.
SolarSave™ can even work for rented properties, as in most cases the agreement doesn’t require the landlord’s consent.
“We’re ready to start delivering these installations,” said Simon Nicholls, “and they’re a key part of creating a cleaner, less wasteful way of generating power. On-site, small-scale power is the future: we’ve already committed to over 100MW of projects and there are more to come.”
Interested businesses should contact Olympus Power directly.
