Thursday, October 31, 2024

New company offers firms solar energy benefits with no upfront costs

Global financial services group company Macquarie Energy Leasing Limited has launched  a new rooftop solar business in Great Britain. OnStream Solar will fund, install and maintain onsite rooftop solar PV systems and offer Power Purchase Agreements to commercial and industrial customers.

OnStream Solar seeks to accelerate the uptake of solar by commercial and industrial energy consumers across Great Britain by offering to install onsite projects at no upfront cost in exchange for a PPA.

This offers medium-to-large businesses a capital efficient way to save on their energy costs whilst directly reducing their carbon emissions and contributing towards their ESG goals. Thanks to strong cost declines over the last decade, rooftop solar typically enables consumers to reduce and stabilise their energy costs, especially in the current environment of high and often changing grid electricity prices.

OnStream Solar is able to support installations of all sizes and will initially be working with businesses operating in sectors such as cold storage, warehousing, logistics, data centres, manufacturing, food and beverage and retail and tourism.

Neil Denley, MD of Macquarie Energy Leasing Limited said: “As more businesses focus on rising costs, the challenges around the energy transition are shifting. The launch of OnStream Solar marks an important milestone in our ambition to create a leading commercial and industrial rooftop solar development platform. An agile, flexible, development-focused business, backed by the global expertise, resources and reach of Macquarie, OnStream Solar is the perfect vehicle to help businesses retain competitiveness whilst delivering on their sustainability ambitions.”

OnStream Solar builds on Macquarie Energy Leasing Limited’s two decades of experience and expertise working in the UK on behind-the-meter energy solutions and aims to offer a broad range of financial, environmental and operational benefits to its customers. Macquarie Energy Leasing Limited continues to support energy suppliers with the roll-out of smart meters as one of the largest independent investors in meters in Great Britain.1

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemichaving a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £31.50 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.








Latest news

Related news