Solar and storage platform Elgin has acquired Amberside Energy (Development) from Amberside Energy, securing a pipeline of over 1GW of solar and battery assets. The deal, which includes the purchase of 100% of the share capital of Amberside Energy (Development) Ltd., is expected to enhance Elgin's renewable energy portfolio in the UK.
The acquisition is expected to create significant synergies, accelerating the delivery of new renewable energy assets. Elgin aims to provide predictable and affordable power at competitive prices while contributing to the decarbonization of energy production in the region.
Ronan Kilduff, Chief Executive of Elgin, said: “This is a great strategic acquisition to grow our pipeline across the UK.
Amberside Energy's remaining business will continue to focus on providing software solutions to developers and asset management services. Marc Scambler, co-founder and Chief Executive of Amberside Energy, noted: “This strategic sale allows Amberside Energy to sharpen its focus on our core competencies — creating advanced software and data analytics solutions for project development and operational asset management. By doing so, we can extend our reach and deliver these solutions to a broader market beyond our internal operations.
