Wirsol, one of Europe's top solar EPC developer, and UK's top solar energy generator, Lightsource Renewable Energy, have entered into an agreement regarding the purchase and delivery of two solar parks to be constructed and commissioned in Cornwall.

Wirsol, one of Europe's top solar EPC developer, and UK's top solar energy generator, Lightsource Renewable Energy, have entered into an agreement regarding the purchase and delivery of two solar parks to be constructed and commissioned in Cornwall.

Wirsol, a company that has installed over 440 MW worldwide, stated that the project is scheduled to be completed shortly before the forthcoming reduction of the British Renewable Obligations certificate payment scheme. Once constructed, Lightsource will be handling both the solar plants and will be adding the installed capacity of 9.6 MW into their asset management portfolio. However, Wirsol will remain in charge of the operations and maintenance in order to ensure optimal generation and top performance levels of both facilities.

President for International Business Development at Wirsol, Mark Hogan, stated, “Lightsource Renewable Energy is the major player in funding UK solar projects right now. Wirsol is very excited about this new opportunity. We see this as both strategic and practical in terms of the needs of both companies. There are many different synergies at work – Wirsol’s experience and expertise in constructing solar parks and Lightsource’s UK coverage and ability to secure long-term finance.”
 
Chief executive officer at  Lightsource Renewable Energy, Nick Boyle, also commented, “It has been made very clear in recent times that solar is a key component in the UK’s drive towards its renewable energy targets. We hope solar subsidies will continue at sensible levels to assist in making solar competitive with other energy sources and our goal of reaching grid parity within a predicted six years. Renewable energy sources and schemes, such this, need to become an integral part of the domestic power output if we are to achieve the Government’s target of 15% of the UK’s electricity being generated from renewable sources by 2020.”

Boyle has agreed with Wirsol that by 2017, the venture can create a profitable and stable renewable energy industry that would not rely heavily on government incentives.

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