Great British Energy could fulfil the government’s ambition to be a catalyst for private sector investment as AMPYR Distributed Energy pledges to match its £180 million for public sector solar PV.
Last week, it was announced that GB Energy, the government’s flagship energy company, would spend £80 million to install solar PV on schools and £100 million for the same across NHS sites.
In response, AMPYR Distributed Energy has written to the energy secretary Ed Miliband and GB Energy chair Juergen Maier to emphasise the role that private sector investors can play in supplementing government funding.
The investor, which specialises in onsite sustainable energy solutions is backed by capital from AGP Sustainable Real Assets, a global asset manager across the renewable energy and real estate sector.
AMPYR Distributed Energy’s CEO, John Behan, said it is “safe to suggest” that a joint approach between public and private sector will fast track renewable energy uptake.
Behan continued: “We are prepared to match the £180m offer – and more – to help fast-track renewable energy adoption and reduce energy bills in health and education.”
The firm operates on a model that delivers funding through power purchase agreements (PPAs), meaning that renewable generation technologies are installed at zero upfront cost.
Behan suggested that the benefit of an installation carried out by a private company is delivery and installation at pace, and “the certainty that assets will be maintained for optimal performance throughout their lifetime”.
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