Low Carbon boosts asset management with Wirsol
Low Carbon Asset Management deal takes investor’s portfolio under management to 226MW
London, UK – 8 February 2017 – Renewable energy investment company, Low Carbon, today announces that it has increased its portfolio of solar assets under management for international solar energy provider Wirsol Energy Ltd (“Wirsol”). The move will mean Wirsol will benefit from increased operational excellence, greater efficiencies and returns for its sites.
The deal takes Low Carbon’s portfolio for Wirsol to 107MW across 19 sites, in addition to 119MW of UK solar parks Low Carbon already manages. Low Carbon will provide the solar energy giant with a comprehensive service including health and safety assessments, financial management as well as on going reporting and tracking to ensure assets perform optimally.
Low Carbon’s highly qualified asset management team will ensure regular technical site visits are made to support product and defect remediation as well as regulatory compliance. Financial management services will include the management, maintenance and upgrading of financial models for the sites to optimise cash flow and forecasting.
Justin Thesiger, Operations Director at Low Carbon, comments, “Our team of asset management professionals brings a wealth of experience in operating and managing solar parks to perform at their very best – both commercially and environmentally. We are looking forward to enhancing our track record with Wirsol with the addition of these sites and continuing to grow out asset management footprint with Wirsol as well as other third-party sites”.
Andy Scullion, Commercial Manager at Wirsol added, “We are pleased to announce the additional 62MW portfolio to come under management with Low Carbon, it is a significant milestone and demonstrates the strong, collaborative relationship that we share. We look forward to building on our operational success alongside Low Carbon, both with the current portfolio and with future projects across the UK and Ireland”.
About Low Carbon
Low Carbon is a privately owned investment company committed to the development and operation of renewable energy power production. Low Carbon invests into both renewable energy developers and projects across a range of renewable energy technologies including solar, wind, anaerobic digestion, combined heat and power, concentrated solar power and energy storage. Low Carbon has a strong management team with a proven track record in the development, construction, financing and management of renewable energy assets. For UK solar alone, Low Carbon has funded and is operating more than 320MW. Low Carbon remains involved in the projects for the long term with a dedicated asset management team that manages assets on balance sheet and for third parties (unlisted and listed).
About WIRCON GmbH:
WIRCON GmbH is a customer focused company in planning, financing, installation and maintenance of renewable power stations of all sizes. WIRCON brings all of these components together smoothly for customers and investors. WIRCON focuses on carefully selected large onshore wind and solar projects together with integrated with energy management and storage solutions. Our market is addressed under the own brands WIRCON and WIRSOL as well as in close collaboration with energy providers looking for de-centralized renewable solutions to enhance their so far commodity based business models. Part of the business is O&M as well as insurance, service and direct marketing and delivery of renewable energy through selected partners.
For additional information visit: www.wircon.eu.