A Dorset company is ushering in a new dawn by changing the way solar energy is funded without government subsidies.
Zestec Asset Management, based in Ferndown, has developed a pioneering business model that is set to illuminate the solar energy sector.
Staffed by a team with many years’ experience in the UK solar sector, Zestec is shining a light on the future of the industry.
The company enables clients to achieve long term financial savings by generating their own green electricity under a fully funded, solar photovoltaic (PV) Power Purchase Agreement (PPA) model.
Clients not only benefit by reducing their carbon emissions but are also protected from volatile energy bill increases as the PPA is locked into retail price inflation.
Simon Booth, MD, explained: “For many years the installation of commercial solar PV has largely only been economically viable with the help of government subsidies.
“In recent years the government has severely cut its subsidies and the industry and clients have suffered.
“We have created a funding model which provides clients with significantly reduced long-term electricity costs without need for the support of any government subsidy.
“This subsidy-free model ensures access to clean, green electricity for organisations operating in the private and public sector.”
Zestec manages and develops solar PV assets on behalf of institutional and private investors.
Its multi-million pound funding means it can rapidly develop new commercial solar PV systems under its PPA model as well as acquire existing solar PV systems under its Buy-Back scheme.
“We partner with solar PV installers and leading equipment manufacturers to provide clients with solar systems that deliver predictable and reliable electricity savings over a 25-year period,” Simon added.
“We are passionate about renewable energy and believe we can make a difference in the fight against climate change without support from government subsidies.”
Since 2011 the team at Zestec has been helping commercial and public sector organisations save money through cleaner energy.
One commercial client in Dorset is set to install around 1,480 solar panels with a capacity of 400kWp.
This has projected savings of £50,000 for the first five years and £840,000 across the 25-year air-space lease period.
Simon added: “An energy mix dominated by fossil fuels is soon to be a thing of the past. Providing decentralised renewable electricity generation, where power is generated at the point of use, is as important for the UK’s future energy security as cutting carbon emissions.
“Our mission, as one of the UK’s most innovative asset management and development companies, is to create value for our clients by enabling them to generate their own power without the need for any capital expenditure or government subsidy.”
Building owners, solar installers and investors can find out more about working with Zestec at www.zestecgroup.co.uk
Note to editors: For more information please contact Rachel Read, account director at Deep South Media, on 01202 534487.