Elgin acquires Amberside Energy
Solar and storage platform Elgin has purchased Amberside Energy (Development) Ltd. from Amberside Energy which includes a pipeline of over 1 GW of solar and battery assets.
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UK: Solar and storage platform Elgin has purchased Amberside Energy (Development) Ltd. from Amberside Energy which includes a pipeline of over 1 GW of solar and battery assets. The compnany has acquired 100% of the share capital of Amberside Energy.
This acquisition has synergies that could accelerate the delivery of renewable energy assets in the UK, providing reliable and affordable power at a competitive cost and decarbonising energy production.
Ronan Kilduff, chief executive of Elgin, commented: “This is a great strategic acquisition to grow our pipeline across the UK.”
Marc Scambler, co-founder and chief executive of Amberside Energy, said: “This strategic sale allows Amberside Energy to sharpen its focus on our core competencies – creating advanced software and data analytics solutions for project development and operational asset management. By doing so, we can extend our reach and deliver these solutions to a broader market beyond our internal operations.”
Source: renews.biz
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