Two Blues Solar to cut energy bills with new joint venture

The collaboration provides Two Blues Solar (TBS) with substantial investment capital for the next five years, enabling the deployment of capex-free on-site solar projects for energy-intensive businesses. 

In 2023, renewable energy accounted for 42 per cent of the UK’s total energy production, with solar energy contributing five per cent of this total.

Several barriers hinder its widespread use, such as significant upfront capital investment, capacity constraints on the national grid, and the perception that solar energy is land intensive.  

“TBS was founded to put solar in places where it makes business sense but has been overlooked – and this joint venture enables us to install approximately 300 new on-site solar projects with a combined capacity of up to 120MW,” Dillon Cane, co-founder of TBS, said in a statement. “There are hundreds of thousands of square meters of underutilised commercial roof space in the UK. Mounting solar panels on a roof of 2,500sqm – a medium-sized factory or warehouse – could generate around 320,000kWh of electricity a year, saving 72 tonnes of carbon. But the initial cost of installation is a barrier for many commercial customers.”