Leading solar provider Activ8 Solar Ebergies and SSE Airtricity, leading Northern Ireland energy supplier, have partnered to launch a funded solar initiative for businesses across the island of Ireland, worth up to £170 million. The initiative will help businesses install on-site solar systems without upfront costs, offering long-term energy price stability.
Activ8 and SSE will invest in funding, installing and maintaining the Solar PV system while businesses will pay for the electricity they generate on site, at an agreed and attractive rate compared to grid electricity, through Power Purchase Agreements (PPAs).
This initiative comes as energy costs continue to fluctuate due to international supply pressures and geopolitical uncertainty. By ensuring a portion of their energy costs is covered for 15 - 25 years, participating companies can improve financial predictability, competitiveness; and ultimately the long-term stability of their operations.
The Solar PV initiative is available nationwide and is expected to appeal to sectors with high and consistent energy demand, including manufacturing, logistics and large-scale commercial operations.
Commenting on the launch, Ciaran Marron, CEO of Activ8 Energies said “Energy price instability has become a real issue for businesses in Northern Ireland – indeed right across the island of Ireland - and many are looking for ways to take control of a cost that can fluctuate dramatically from month to month. This funded initiative gives companies a clear path to predictable energy pricing without upfront investment. It is a sustainable solution for businesses of all sizes, allowing them to plan ahead with greater confidence, invest in growth and remain competitive even as energy markets remain uncertain.”
Also in attendance at the launch, Stephen Gallagher, Managing Director SSE Airtricity said “This funded Solar PV initiative provides price certainty for businesses while also removing the upfront cost barrier to decarbonising operations. Eligible organisations will avail of the Solar PV system with no upfront cost. Through the PPA, they will buy the electricity generated on site, at an attractive rate compared to grid electricity. I would really encourage businesses in Northern Ireland to avail of this opportunity. We’re providing a practical way to bring more certainty, resilience, and stability to businesses across the island of Ireland.”
This announcement comes at an exciting time for Monaghan-based Activ8 Energies, which this year celebrates its 20th anniversary, underscoring its growth and leadership in large-scale renewable energy solutions for Irish businesses.
