It is hoped 100% solar home system installation–with householders able to buy, or lease on a PAYG basis–will offer a template for installation in remote communities across Africa.
As part of the deal, buyer Svea Solar will expand its installation of panels bought at furniture giant Ikea from its homeland to Germany, Belgium and the Netherlands. Offloading the residential business will enable London-based Solarcentury to focus on its global project ambitions.
The London-based developer revealed blockbusting annual figures which show it is debt free, has almost £20 million in the bank, raked in more than half that figure in net profits in 2018-19 and expects twice as much in a year’s time.
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