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New £50m Partnership to Finance Clean Energy Insfrastructure

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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.”

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Staff Reporter

FMIndustry.com covers the latest news, trends and opinion from the facilities management (FM) and corporate real estate (CRE) sectors. The FM market is currently estimated to be worth USD 1 trillion annually and is projected to grow at a compounded annualised rate of approximately 5% between now and 2026.

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  • Staff Reporter

    FMIndustry.com covers the latest news, trends and opinion from the facilities management (FM) and corporate real estate (CRE) sectors. The FM market is currently estimated to be worth USD 1 trillion annually and is projected to grow at a compounded annualised rate of approximately 5% between now and 2026.

    View all Articles

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