Firms agree terms to manage 50MW of community solar
In what BSR are calling a “first of its kind” deal, the firm will manage more than a dozen solar farms over a five-year agreement.
The company claims it has raised over £100 million for the 12 community groups with which it works across the country. It is currently offering over £4 million of investment opportunities in community-owned renewable energy, with target returns of up to 8%.
Once the deal is complete, BSR will manage a 586MW solar portfolio across 64 sites in the UK.
BSR currently manage two solar farms in the north-east, with one in New Mains of Guynd and another at Kinblethmont.
Dan Kingscote, Performance and Operations Manager, Mongoose Energy said: “It is vital for Mongoose and our clients to get the highest calibre O&M available, not simply the cheapest. BSR demonstrated throughout the tender that they understand our clients’ values and operate to the highest health and safety standards.
“O&M is a technically complex and time-consuming activity. To do it properly requires a well-resourced and experienced contractor to both manage the site and support in optimising asset performance.”
Matthew Harnack, BSR O&M Director, added: “This landmark contract with Mongoose builds on our work in the sector and establishes BSR as a leading O&M provider in the burgeoning community energy market.
“We are looking forward to partnering with Mongoose and using our extensive experience to help maximise the output of these sites, and therefore improve returns for the community group members. We have a tried and tested, collaborative approach to community solar O&M, which means we are confident in our ability to effectively respond to the communities’ needs and work with them to deliver positive outcomes.”
SOURCE: Energy Voice