Centreco Deliver Strong Growth in Solar Energy Installations and Plan for Further Increased Demand

Image: A section of a 1,040kWp project installed by Centreco for a client in Dorset.

• Centreco deliver 9.6MW of new solar energy capacity in last six months
• Three-fold increase in commercial solar energy system installation run rate
• The company invests further in increased installation resources
• Committed future developments at over 30MW
• Long term demand for self-generated solar energy very strong
• Development teams growing to deliver further expansion for Centreco

Centreco, a market leading provider of solar energy systems to businesses in the U.K., have delivered 9.6MW of new renewable energy generation capacity across the first six months of their financial year.

This represents a three-fold increase in installed capacity year on year being driven by increased demand from businesses with escalating energy costs and environmental pressures addressed by the financial benefits of a Centreco solar energy system, which delivers immediate payback and long-term cost savings, combined with substantially reducing CO₂ emissions.

Centreco have invested heavily in bolstering their operational capacity across the U.K. in the last twelve months to meet this increased demand with additional installation teams recruited and trained, backed by new in-house scaffolding, logistics and project management resources.

The business sees this growth rate continuing at pace with over 30MW of installations already committed from their clients over the coming months. This is aligned to Centreco further developing its project delivery teams to meet this run-rate and to allow for significant further incremental expansion during 2023.

Adrian Dunleavy, Chairman of Centreco, says “the business is well positioned being a dedicated provider of solar energy systems for companies that are mid to high end users of electricity in their facilities. This sector has been hit by energy cost increases and continued sustainability pressures on their operations and self-generated solar energy is the perfect solution to address these demands.

For example, the capacity brought to the market by Centreco just in the last six months will deliver 1,300 Tonnes of CO₂ savings per annum, in excess of £50 Million of electricity cost savings over the next 25 years with clients benefitting from an equivalent price hedge of only 4.5 pence per kilowatt hour versus the commercial market average at 35.0 pence per kilowatt hour today.

The Centreco proposition is a compelling offer, and we are pleased to be able to bring an increasing number of solar energy systems on stream to drive down cost and reduce emissions for businesses across the United Kingdom.”

Jon Williams, Managing Director of Centreco, says “we offer a full turnkey solution for our business clients with design, modelling, logistics, installation and project management all being undertaken through in house resources. To that end we have invested in the recruitment and training of new staff, in capital equipment and resources and the development of our systems to meet the increasing demand and maintain our quality installation processes.

We are seeing these Operations delivering now with installations undertaken across 43 sites over these past six months. Centreco continue to invest in our reach with a further increased number of installation teams coming through over the next few months building capacity to deliver accelerated growth bolstered by a strong forward book of confirmed projects.

Longer term demand looks strong with the financial pressures of electricity usage forecast to continue and environmental considerations increasing within supply chains a growing number of operations will be looking to self-generated sustainable power as a way of countering these factors.

Centreco are building our client services and development teams to work alongside new clients to release the potential of their redundant roof space and develop their own solar energy installations with our help. Our aim is to be the largest provider of solar energy systems to businesses in the UK and Centreco look forward to being able to work with an increasing number of leading UK businesses over the coming months.”

19th December 2022