25 Feb '17, 3am

Lightsource Renewable Energy acquires residential solar PV installations in the UK totaling…

Lightsource Renewable Energy (London, UK) has completed the purchase of a 1.32 MWp portfolio of residential solar photovoltaic (PV) installations through its acquisition team, the solar energy company announced on February 23rd , 2017. The portfolio is comprised of 469 PV installations across the UK from Ecos Solar Nine in a deal valued at GBP 2.3 million (approx. USD 2.7 million) As part of the deal Lightsource will receive the Feed-In Tariff (FIT) payments from the installations and will manage the maintenance of the systems for the length of the FIT term. Lightsource is looking to substantially invest into its residential rooftop portfolio over the next five years, the company notes. Lightsource has also recently launched a new buyback scheme allows businesses and homeowners to realise a cash lump sum for their existing rooftop solar installations. With a solar O&M flee...

Full article: http://www.solarserver.com/solar-magazine/solar-news/curr...

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