Green power provider Ecotricity has bought the UK home rooftop business of US solar giant SunEdison.
The latter company has built a portfolio of nearly 1,000 rooftop solar installations under its ‘Energy Saving Plan’ in the UK. The service provided solar arrays at no upfront cost, with the potential of saving up to 15% on their electricity bill.
The latest news comes as SunEdison filed for bankruptcy in the US.
Ecotricity Founder Dale Vince said the buyout is an “exciting and important step” for the company.
He added: “As a company, we want to help more people generate their own power at home.
“The government’s cuts to the feed-in tariff and its broader attack on the renewables industry, have caused a significant problem for companies like SunEdison: we have seen some go bust and others quit the UK market as a result, losing a lot of jobs as a result.
“This is our first step into the domestic solar market and as the price of the technology continues to fall, we’re confident that it’s only a matter of time before we can resume the work SunEdison started and help more homes take advantage of solar power.”