Providing PV capacity
Centrica has acquired Solar Technologies Group for £2.8m in cash, including full debt repayment.
Solar Technologies is one of British Gas’ technology contractors for Phase Two of the Low Carbon Buildings Programme (LCBP) and will further aid its strategy to acquire technologies that are said to provide cheap, reliable and low carbon sources of energy.
As one of the leading installers of integrated photovoltaic (PV) technology, Solar Technologies will provide British Gas with the capacity to install PV equipment in the
Solar photovoltaic technology works by converting sunlight into electrical energy via thin layers of semiconductive material. The output is determined by the efficiency of the panels and the brightness of light.
According to the European Photovoltaic Industry Association, PV energy could provide 12 per cent of the total energy demands in
Such estimates could prove beneficial to government targets for a six per cent reduction in domestic CO2 emissions by 2020. Targets have also been put in place to increase renewable sources of energy by 15 per cent in the same year.
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