octo.
02
2008 | Centrica plc agrees to acquire Solar Technologies
Centrica plc, the owner of British Gas, announced that it has acquired Solar Technologies Group Limited ("Solar Technologies") for £2.8 million in cash (including the repayment of debt). The acquisition will enable British Gas to install solar photovoltaic (PV) technology1 in the UK and will build on its aim of becoming the leading provider of low carbon energy services.
Solar Technologies is one of the UK's leading installers of integrated solar PV and renewable energy technology solutions. It is also one of British Gas' technology contractors for Phase 2 of the Low Carbon Buildings Programme (LCBP) and is responsible for many of the major PV installations in the UK, including landmark installations such as London's City Hall.
The acquisition of Solar Technologies is in line with British Gas's strategy of investing in low-carbon technologies. The company aims to build a portfolio of technologies that will enable it to meet customer, property and existing system needs with solutions that enable the generation of cheap, reliable and low-carbon energy.
Source : Communiqué CENTRICA
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