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Lightsource at Energy Event: Stand D12

10 September 2015

The future is still bright for people thinking of installing solar panels for their business – but decisions need to be made wisely. That’s the message from Lightsource Renewable Energy, Europe’s largest provider of solar energy.

The company is urging people to choose their developers carefully to avoid being disappointed amid a time of political uncertainty for the renewables industry.

Members of its expert team will be at this year’s Energy Event (stand D12) to advise people on the best way forward.

For those wanting a rooftop installation, Lightsource offers a fixed, RPI index-linked electricity price starting from just 5p per kilowatt-hour – helping to cut energy bills.

The offer is for any business with a roof space of 400sq m upwards and – unlike schemes from other providers – there are no purchase obligations, so you only pay for what you use.

Businesses will enter into a solar power purchase agreement (PPA) with Lightsource, who will supply daytime electricity to the premises from the solar installation for a standard term of 25 years.

There will be no disruption to the building’s electricity supply as the solar PPA will work in harmony with the regular electricity supplier, prioritising daytime electricity usage to be supplied from the solar installation.

Panels can be installed over just a few days and around business requirements.

Conor McGuigan, Planning and Development Director at Lightsource, said: “Running a business is tough. Constant financial pressure and fluctuating global prices mean it is becoming more and more difficult to save money and make a profit.

“But by installing solar, you can turn your unused roof space into a real asset – future proofing your energy bills against unexpected rises and helping to save money that can then be reinvested back into your business.”

Lightsource Renewable Energy was founded in 2010 and has achieved an unrivalled track record, having deployed £1.7billion worth of assets generating over 1GW of electricity.

Its experienced team create bespoke photovoltaic (PV) solutions for business and domestic use, offering a complete service from initial design and planning through to ongoing operations and maintenance.

A British domiciled company, it has more than 350 staff based at offices in London, Bath, Edinburgh, Belfast and Dublin.

Conor continued: “Solar is on the cusp of being able to deliver its full potential and become the cheapest form of electricity generation. Now more than ever, it’s essential that finances are deployed in the most appropriate way to deliver maximum value for money.

“The UK has made a legal commitment to reduce its carbon footprint and solar remains an important part of that mix. However in order to take advantage, people need to choose the developer that they partner with carefully.”
Farmers, landowners and businesses can also rent out their land for a ground mounted scheme and receive a regular, index linked payment – guaranteeing a secure source of extra income.

Conor said: “Lightsource prides itself on only choosing the very best sites for its installations, working closely with rural communities, businesses and landowners to integrate schemes into the local landscape.

“If you own more than 30 acres of land (including brownfield), installing a solar farm can bring in a guaranteed income for 30 years.

“The ideal location would also be well screened from roads and houses by existing trees or hedgerows. It would also be outside Areas of Outstanding Natural Beauty (AONB), away from flood risk zones and within 5km of an electricity substation.

“Rental payments are index-linked and rise annually with inflation. This guaranteed income can help sustain your business and form a valuable part of succession planning for future generations.”

Lightsource has the following advice for anyone thinking of installing a solar project:
 
• Use a well-established UK firm as they will have a greater understanding of legislation, the planning process and working with local communities.
• Choose a company that has a good track record and previous experience.
• Prioritise your values – a good developer will design the solar farm around the aims of your business.
• Always ask who is going to be managing the solar farm for the duration of the lease.
• View past projects and request to speak with other clients.
• How much emphasis does the developer put on community engagement? Being a good neighbour should be high on the agenda.



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