Ikaros Solar has set up a UK subsidiary in Technium Springboard in Cwmbran, Wales. Backed by the Welsh Assembly Government through a £500,000 grant from the Single Investment Fund (SIF) over the next three years, Ikaros Solar UK will focus on providing consultancy and solar PV installations for the commercial and business sectors.

Managing director, Richard Tyzack said, “Feed-in tariffs are proving popular with home-owners, but businesses have yet to fully exploit the opportunities of PV solar power. There is a misconception that solar panels don’t work in the UK, which is quite wrong. We plan to help companies release the investment potential of their roof to reduce energy costs, make money and take the necessary steps to meet the tough Carbon Reduction Commitments coming into force in 2013.”

Building on the experience of its Belgium-based sister company, Ikaros Solar UK hopes to target a wide range of projects, from 20kW right up to 1MW — although the upper end of the scale will depend on how tariffs are adjusted.

Ikaros Solar UK has already recruited a senior team with expertise in the PV and sustainable energy sectors, including Commercial Director, Mike Carter who says, “We are bringing the Ikaros Solar business model to Wales, focusing entirely on commercial and business premises. By specialising in designing and installing only PV solar systems, we are providing a level of expertise not currently available in the UK.”

Ieuan Wyn Jones AM, Deputy First Minister and Wales' Minister for Economy said, “As we move towards a low carbon economy, initiatives like this will provide new ways to grow our economy and create sustainable jobs.

“Support from the Welsh Assembly Government is based on the creation of 35 well paid, high skill jobs over the next three years. The investment supports our green jobs strategy, which is designed to help generate a range of new jobs based on emerging green technologies and products.

“I am also pleased to note this new offering also has the potential to help companies make their operations more efficient, more sustainable and cost effective, which is of particular benefit in the current economic climate.”

Tyzack concluded, “Signing up to the FiT scheme for PV solar power will make a significant difference to the long-term running costs of a business. It can provide a sound investment and add real value to business assets. It really is a win-win for business.”