Minister of State for Energy, Matthew Hancock MP, visited Lightsource’s London headquarters and pledged a strong commitment to supporting the future of the solar industry.
After a recent tour of Chalcroft Solar Farm, in Southampton, Mr Hancock stopped in for a tour of Lightsource’s base at 33 Holborn and spoke to staff about his excitement at what the company had achieved and paid tribute to their efforts in driving forward the industry.
Speaking to Lightsource staff, he said: “This is a company that is doing vital work. The future Conservative government is a strong supporter of solar on roofs and where planning allows it on ground. There is clearly much scope going forward.”
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UK-based Lightsource Renewable Energy, one of Europe’s leading solar energy companies, welcomed the Minister of State for Energy, Matthew Hancock MP, for a guided tour of Chalcroft Solar Farm, in Southampton. Joined by prospective Parliamentary candidate Mims Davies and a team from Lightsource, the Minister was able to experience the benefits of a successful solar farm project.
Generating clean energy since 2013, the 40-acre Chalcroft Solar Farm provides enough “home-grown” energy to power more than 2,000 homes. As well as generating power, the site has also been designed with continued agricultural use in mind. Wide field margins and spaces between the rows of panels can easily accommodate small livestock. The landowner plans to make the site home to a flock of ducks and geese.
A bespoke biodiversity management plan has also been put in place for the site featuring new planting of native trees and hedgerows, as well as bird nesting boxes installed around the site to improve prospects for local wildlife.
Europe’s leading developer and operator of solar photovoltaic (PV) projects, Lightsource Renewable Energy, received a visit from Baroness Verma, the Department for Energy and Climate Change (DECC) minister in the House of Lords to discuss the future potential of solar energy in the UK. Lightsource operates the largest portfolio of solar PV projects in Europe, having deployed over £1.5billion of investment into the local economy since its inception in 2010.
Lightsource recently announced moving headquarters to the landmark building 33 Holborn, celebrating tremendous growth from 6 full-time employees to over 350 in just over 4 short years. The company is also firmly on track to become the first solar energy company in the world to reach a 1 Gigawatt operational portfolio of solar PV assets deployed in the one country by end of March this year.
Baroness Verma visited Lightsource’s London headquarters to meet with senior company representatives and the British Photovoltaic Association (BPVA) to discuss the role solar energy has to play in the future energy mix.
Lightsource Renewable Energy has been awarded a Contract for Difference (CfD) for its 14.67MW Charity Farm solar project in the first round of the government’s new competitive auction system for clean energy support contracts.
The Charity Solar Farm was one of just five solar projects that was successful in the CfD auction.
Lightsource CEO, Nick Boyle, responded to the announcement. Nick said : “At Lightsource, we are very concerned that the government is somewhat naive in preparing the UK for a financially sustainable future. Their CFD announcement demonstrates this perfectly as we see the solar industry’s minimal award of 72MW compared with the wind industry who has taken 749MW, over 10 times more support than what solar received.
Octopus Investments (“Octopus”) and Lightsource Renewable Energy (“Lightsource”) have closed the project refinancing of a portfolio of solar farms managed by Octopus, with a total installed capacity of 76.4 megawatts. Barclays provided the £76m term facility.
These projects are among the largest solar photovoltaic systems that supply power into the UK national grid. Octopus originally acquired the solar farms from Lightsource in April 2014, and subsequently engaged Lightsource to advise on the senior debt refinancing.
Lightsource has announced a dedicated investment of more than £125million into the UK rooftop solar market in 2015 as it strides towards its 1 Gigawatt target of operational assets. The company believes that its partnerships with PV installers will be key to unlocking the potential of the rooftop market.
After deploying £1.5 billion in just four years, Lightsource is set to become the first solar energy company to break the Gigawatt milestone by the end of March 2015.The investment of £125million will be allocated to rooftop solar projects in the UK, as the company looks to deliver 120 MW of installations on commercial buildings, schools, households and social housing.
Lightsource is inviting solar PV installers to a special drinks reception at Ecobuild on Tuesday 3rd March, at 5.30pm, to meet with its CEO Nick Boyle and other senior company representatives to discuss partnership opportunities, project funding and installation agreements.
The UK’s leading solar energy generator, Lightsource Renewable Energy, has revealed that a nationwide network of solar PV installers is rapidly taking shape after joining forces with its first 30 new partners across the UK.
Lightsource launched its bid to create a network of quality local PV installers at the Solar Energy UK conference, in October last year. Since the launch, the company has received a huge amount of interest from installers around the country and industry plaudits for creating a “simple, but highly effective” proposition to encourage the development of the UK commercial-scale rooftop market.
The UK’s leading solar energy generator, Lightsource Renewable Energy, is confident that there remains great opportunity for farmers and landowners looking to diversify their rural businesses with solar farms, but has stressed the importance of selecting the right developer.
From April 1st 2015, solar farms with an installed capacity of larger than 5 MWp (Megawatts-Peak) will no longer be eligible to receive subsidy under the Renewable Obligation Certificates (ROC) scheme. However, Lightsource believes that landowners with any sized land can still “unlock their green potential” with a solar installation.
The UK’s leading solar energy generator, Lightsource Renewable Energy, has moved into new London headquarters at 33 Holborn this week as it marks another impressive milestone in the company’s history.
Lightsource has moved from its former base at Old Bailey to a new custom-built office space of more than 30,000 square ft to accommodate the rapidly growing Lightsource team. Founded in 2010 with just six staff, Lightsource now has a team of over 300 in-house professionals from over 25 different nations and in that time has become the largest PV business in Europe.
Plans to create a 20 acre solar farm on fields off School Aycliffe Lane, near Newton Aycliffe, in County Durham, were largely welcomed by the public who scrutinised the scheme at a meeting this week.
The proposed site, opposite the Great Aycliffe Town offices, will be capable of generating about 5MWp of clean energy, enough to power 1,300 homes and save 2,200 tonnes of carbon emissions each year.