Ardenham Energy announced plans of expansion this week following a £2 million investment by Bridges Ventures.
Since its formation in 2007, Ardenham Energy has installed over 2MW of solar photovoltaic (PV) capacity, covering nearly 1,000 individual technology installations.
Director at Ardenham Energy, Harry Shepherd-Cross says, “With the backing of Bridges Ventures, Ardenham Energy can now expand its provision and installations of renewable energy projects beyond the South East to a much wider market.”
It is investment such as this which has been contributing to the development of the solar PV market. Since the feed-in tariff (FiT) was introduced in April 2010, over 200MW of solar PV has been installed in the UK – an increase of 900%.
A recent report published by the AEA Group predicts this trend looks set to continue, with installations of small-scale, domestic solar PV driving market growth. Additional growth is also expected from solar parks, social housing projects and increased applications to beat the March 31st, 2012 deadline (when the FiT support levels may be revised).
