A partnership between UK renewable energy developer Olympus Power and investor AMPYR Distributed Energy (ADE) will combine operational assets with a pipeline of over 50MW of rooftop solar developments for commercial and industrial customers across Europe.
Working together, Olympus Power and ADE will accelerate the roll-out of onsite renewable energy, by providing long-term Power Purchase Agreement financing to make it simple and affordable for businesses to decarbonise their operations.
The partnership capitalises on the continued growth of the large-scale commercial and industrial solar market.
Power Purchase Agreements (PPAs) give organisations access to long-term, affordable renewable energy with no upfront costs.
This enables businesses to achieve significantly lower carbon emissions, alongside lower energy costs.
Simon Nicholls, CEO of Olympus Power, says: “Collaborating with ADE will help to drive greater investment from UK businesses into renewable energy, adding to the momentum and accelerating progress towards a net zero economy.
By making decarbonisation commercially desirable, this long-term agreement will prove significant across both the UK and Europe.”
John Behan, founder and CEO of ADE, adds: “We are delighted to be working closely with Olympus Power.
This partnership enables us to deploy significant capital by working with an experienced developer.
We’re on a mission to simplify net zero for business customers through innovative and sustainable funding solutions.”
