Renewable technology provider Shawton Energy has seen solar power enquiries rise ten-fold as energy prices continue to soar. Image: Getty Images.
Renewable technology provider Shawton Energy has seen solar power enquiries rise ten-fold as energy prices continue to soar.
Renewable energy has become increasingly popular due to the rise in wholesale gas prices bringing the UK to the edge of catastrophe, leading to many organisations advocating for further support. As the world races towards net zero targets, solar has become an increasingly popular means to provide green energy.
As temperatures across the UK soaring to over 30°C amid last week’s heatwave, The Eco Experts disclosed a record amount for searches for ‘solar panels’ had been reached.
Because of this, solar’s popularity continues to grow and Shawton is on track to deliver more than £50million of invested capital in high-quality solar projects over the next five years.
“Over the past two years, we have developed a significant number of solar, battery and renewable energy projects and we now have a proven record that is attracting companies nationwide in their decision process when it comes to the way in which they use their energy,” said Jamie Shaw, managing director of Shawton Energy.
“Now more than ever, businesses need assurance that their energy bills aren’t going to go through the roof and by installing Solar PV through our joint venture with Iona Capital, businesses are able to see financial savings from day one and gain protection from future price rises.
“Through our Power Purchase Agreement (PPA) solution, it enables businesses to switch effortlessly to low-cost, clean, green energy, without any extra costs.”
Shawton Energy has been a player in the sector for over 20 years and has developed a significant number of solar, battery and renewable energy projects over the past two years.
In October 2021, Iona Capital formed a joint venture with Shawton Energy to fund new industrial and commercial rooftop solar projects.
Together they are looking to deliver more than £50 million of invested capital over the next five years.
“Our joint venture with Shawton Energy provides landlords and owner-occupiers with the necessary financial, project development and construction expertise to take control of their energy strategy,” Graham Mackenzie, investment director at Iona Capital said.
“At a time of rising energy costs, and the growing pressure to cut CO2 emissions, rooftop solar is a ready-made solution. Rooftop solar is a part of the renewables market that – as the pressure on industry to deliver net zero builds – we expect to grow quickly over the coming years.”