UNITED KINGDOM, June 13, 2024 /EINPresswire.com/ -- Olympus Power, an established UK renewable energy developer, and AMPYR Distributed Energy (ADE), a leading investor in onsite sustainable energy solutions, have announced a £50m partnership that will provide innovative financing for clean energy infrastructure.

The agreement includes a combination of operational assets and a pipeline of over 50MW of rooftop solar developments for commercial and industrial customers in the UK and across Europe.

Working together, Olympus Power and ADE will accelerate the roll-out of onsite renewable energy, by providing long-term Power Purchase Agreement financing to make it simple and affordable for businesses to decarbonise their operations.

The partnership capitalises on the continued growth of the large-scale commercial and industrial solar market. Power Purchase Agreements (PPAs) give organisations access to long-term, affordable renewable energy with no upfront costs. This enables businesses to achieve significantly lower carbon emissions, alongside lower energy costs.

Simon Nicholls, CEO of Olympus Power, said: “Collaborating with ADE will help to drive greater investment from UK businesses into renewable energy, adding to the momentum and accelerating progress towards a net zero economy. By making decarbonisation commercially desirable, this long-term agreement will prove significant across both the UK and Europe.”

John Behan, founder and CEO of ADE, added: “We are delighted to be working closely with Olympus Power. This partnership enables us to deploy significant capital by working with an experienced developer. We’re on a mission to simplify net zero for business customers through innovative and sustainable funding solutions.”

For more information about Olympus Power, visit www.olympuspower.co.uk

For more information on ADE, please visit www.ampyrde.com

Gill Holtom
Prova
+44 1926776900
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