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Wed June 19 2024

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Fund manager backs solar firm

3 Oct 11 A London fund manager has agreed a £20m deal to back a solar panel installation drive.

Bluefield Partners LLP, set up in 2009 specifically for the growing photovoltaic (PV) panel market, will provide finance for Azur Solar Systems, which supplies and installs PV panels free of charge to collect the feed-in tariff (FIT) from government.

Under the deal, Bluefield will finance a large number of 50kWp and 150kWp solar PV installations by Azur on industrial, commercial and agricultural roofs over the next six months, before the FIT regime changes.

Azur managing director Robert Markus Feldmann said: “We are totally focused on getting the right commercial roofs commissioned before the government’s next FIT milestone date. We already have a solid and growing pipeline of solar projects, so now having independent financing available means that when we identify a suitable site, we can provide the roof owner with a comprehensive 25 year energy contracting solution.”

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