Solar+ storage platform Elgin has purchased Amberside Energy (Development) Ltd from Amberside Energy Ltd which includes a pipeline of over 1GW of solar and battery assets.
Under the terms of the agreement, Elgin has acquired 100% of the share capital of Amberside Energy (Development) Ltd. This acquisition has significant synergies that should accelerate the delivery of new renewable energy assets in the UK, providing predictable and affordable power at a competitive cost and decarbonising energy production.
Amberside Energy’s remaining business continues to provide software solutions to developers and asset management services.
“This is a great strategic acquisition to grow our pipeline across the UK,” said Ronan Kilduff, CEO of Elgin.
“This strategic sale allows Amberside Energy to sharpen its focus on our core competencies – creating advanced software and data analytics solutions for project development and operational asset management. By doing so, we can extend our reach and deliver these solutions to a broader market beyond our internal operations,” said Marc Scambler, Co-Founder and CEO of Amberside Energy.
