A German company has taken a majority stake in a division of a Wales-based renewable energy firm, securing 100 green jobs. MHH Solartechnik, which is based in Munich, has invested in the part of Dulas supplying solar panels, forming the new company, Dulas MHH.
Under the partnership, UK installers will be able to benefit from German experience in logistics, economies of scale, product portfolio and security of supply whilst maintaining the ethics, standards and technical know-how of the UK’s most experienced renewable energy solutions provider.
Guy Watson the Director at Dulas who led the transaction said, “Dulas prides itself on being at the forefront of quality in UK solar technology. We’re an organically-grown company which, over the past 10 years, has become more market-driven through delivering important projects for private and public sector, such as the UK Government’s Low Carbon Buildings Programme for which we were a Framework Supplier.”
Ian Draisey, Managing Director of DulasMHH said, “UK solar installers should be hugely excited by the opportunity to benefit from the unrivalled experience, an outstanding product portfolio and security of supply combined with the competitive pricing that Dulas MHH Ltd will bring to the marketplace.”
Dulas's turnover from work on solar, wind, biomass and hydro projects stood at £22 million in 2010. Staff numbers at Dulas have grown from 15 to 100 during the past 10 years.
DulasMHH will be based at Dulas’ existing headquarters in Machynlleth, Wales.
