Bord Gáis has purchased County Cork, Ireland-based Swyft Energy for an undisclosed sum to help the company achieve its target of 10,000 solar PV installations over the next five years.
Bord Gáis Energy, one of Ireland’s largest energy suppliers, has acquired Swyft Energy, a solar PV installer in County Cork, Ireland.
No financial details were disclosed along with the acquisition news, and the deal is subject to final approval by the Competition and Consumer Protection Commission.
Swyft has an online platform that helps potential customers with installation options, subsidy options and product details. They can take advantage of a free personal consultation with one of the company’s technicians to discuss their options before deciding on a time and date for the installation to take place.
In addition to solar PV systems for homes, agriculture, schools and companies, Swyft also specializes in boilers.
According to the company websiteit has completed nearly 13,000 installations in the past year alone. To date, it has processed €16 million ($16.9 million) in government grants on behalf of its clients.
“We are excited to combine our technology platform and experienced team with the Bord Gáis Energy brand and large customer base to deploy energy products at scale in the coming years. Demand for solar energy is growing at a rapid pace, with many people eager to make the switch, especially if they realize potential savings,” said Adrian Casey, co-founder of Swyft.
Although Bord Gáis is already active in the solar energy market, it wants to increase its installation capabilities. It serves both private customers and the agricultural sector through its partnership with Ireland’s agricultural lobby group, the Irish Farmers’ Association.
Bord Gáis Energy’s acquisition of Swyft will help the utility achieve its target of 10,000 solar PV installations over the next five years. The utility, owned by British company Centrica, is aiming for net zero emissions from all its operations by 2045.
Dave Kirwan, Managing Director of Bord Gáis Energy, called the deal with Swyft “another important part” of the energy transition goals.
“Bord Gáis Energy expects that by 2030, all its electricity customers will be powered by indigenous renewable energy generation. The role of solar energy in this transition is convincing: our customers can save up to 70% on their electricity bill. The government’s Climate Action Plan (CAP) targets 8 GW of installed solar capacity by 2030, and homes, businesses and agrisolar will play a key role in achieving these targets.”
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