Low Carbon boosts asset management with Wirsol

Low Carbon boosts asset management with Wirsol »

Renewable energy investment company, Low Carbon, has announced that it has increased its portfolio of solar assets under management for international solar energy provider Wirsol Energy Ltd (“Wirsol”). The move will mean Wirsol will benefit from increased operational excellence, greater efficiencies and returns for its sites.

The deal takes Low Carbon’s portfolio for Wirsol to 107MW across 19 sites, in addition to 119MW of UK solar parks Low Carbon already manages

Low Carbon will provide the solar energy giant with a comprehensive service including health and safety assessments, financial management as well as ongoing reporting and tracking to ensure assets perform optimally.

Low Carbon’s highly qualified asset management team will ensure regular technical site visits are made to support product and defect remediation as well as regulatory compliance. Financial management services will include the management, maintenance and upgrading of financial models for the sites to optimise cash flow and forecasting.

Justin Thesiger, Operations Director at Low Carbon, comments, “Our team of asset management professionals brings a wealth of experience in operating and managing solar parks to perform at their very best – both commercially and environmentally. We are looking forward to enhancing our track record with Wirsol with the addition of these sites and continuing to grow out asset management footprint with Wirsol as well as other third-party sites”.

Andy Scullion, Commercial Manager at Wirsol added, “We are pleased to announce the additional 62MW portfolio to come under management with Low Carbon, it is a significant milestone and demonstrates the strong, collaborative relationship that we share. We look forward to building on our operational success alongside Low Carbon, both with the current portfolio and with future projects across the UK and Ireland”.