Main Menu

Energy Efficiency & Retrofit Awards

SPV Energy wins award and announces expansion

SPV Energy

Glasgow company, SPV Energy, a trading division of Solar PV Energy Solutions, has been named Solar PV Installer of the Year at the Scottish Regional Energy Efficiency & Retrofit Awards, part of the UK awards for the energy saving and efficiency sector.

The announcement comes as the UK industry welcomed Chancellor George Osborne’s decision to amend the Finance Bill giving the Treasury the power to overturn the EU’s VAT rules, forcing solar panel providers to pay an increase of 5% VAT to 20% in August this year.

Commercial director Jim O’Brien, a former partner with St James’s Place Wealth Management, and partner John Gorman, run the Shettleston-based company which was responsible for the installation of 4000 Solar PV panels on the 700 sustainable energy homes at the Athletes Village in the city’s East End.

Solar Photovoltaic (Solar PV) systems generate ‘free’ daytime electricity for properties reducing energy bills for tenants. The Athletes Village, which recently won ‘Best Green Initiative’ at the Homes for Scotland Awards, has generated a Feed-In-Tariff of around £135,000 per annum.

The company, which was also nominated for RHI Installer and Large Scale Project categories, will now be considered for the UK title at an awards ceremony to be held in Birmingham, hosted by Joanna Lumley, in September.

Despite changes in Government funding incentives, SPV Energy has grown from a start-up business in 2011 to one with a turnover of £2.8m, employing 35 local people. The business recently doubled the size of its in-house call centre and provides training for all staff in partnership with local providers such as South Lanarkshire College.

Commenting on the award, Mr O’Brien said: “It’s a fantastic achievement for the business and all our staff especially when the industry has gone through so much change in the past year or so. We are a challenger brand within the energy sector and are proud of the work we have delivered on behalf of householders, housing associations and commercial clients.

“We firmly believe in sustainable growth within the sector and despite the reduction of incentives, homeowners are keen to explore ways to reduce their energy bills as budgets continue to be challenged and Solar PV panels are just one way we can achieve this.

“We have ambitious plans to develop the business further by offering other energy saving products and services and are considering opening a new Highlands office to develop our biomass heating systems for large commercial buildings especially within the agricultural sector which is experiencing positive growth.”

SPV Energy, which is FCA Authorised and Regulated, works with housing associations, commercial clients, developers as well as domestic householders. Unlike many of its competitors, the hallmark of the business is its clear statement of values and trust based on an insurance backed guarantee on all work undertaken, providing an independent warranty to all customers.

Solar PV panels convert the sun’s energy into electricity which powers the home and exports excess electricity into the national grid.   On average they can generate up to three quarters of a household’s electricity. The company’s panels are manufactured in Austria and Germany. Further information is available from www.solarpvenergysolutions.co.uk.

Photo: Directors Jim O’Brien and John Goreman

All awards articles in Daily Business require a fee. Details here



Leave a Reply

Your email address will not be published. Required fields are marked as *

*

This site uses Akismet to reduce spam. Learn how your comment data is processed.