zouk ventures Cleantech Europe fund leads €13.5 million financing round in Solarcentury, a leading supplier of solar electric and thermal technology
Solarcentury Holdings Limited (“Solarcentury” or “the Company”) today announces the completion of a £13.5m round of financing to fund its product development and international expansion strategy. The round was led by zouk ventures, a European Cleantech investor, and co-led by Good Energies, a global investor in renewable energy. Additional investors are Vantania Holdings Limited (advised by the Consensus Business Group) and Foursome Investments, along with participation by existing investors VantagePoint Venture Partners and Scottish and Southern Energy.
Established in 1999, Solarcentury is a leading provider of a range of award winning proprietary and third party photovoltaic (PV) and solar thermal products to commercial, residential and public sector customers in the UK and other European countries, focusing on building integrated product solutions. The Company maintains a strong network of distributors and installers while successfully working with large building contractors and property developers.
Jeremy Leggett, founder and CEO of Solarcentury, commented, “We are delighted with the commitment from our new investors, who are leading institutions in the solar and clean technology sectors. Their expertise will be a valuable contribution to Solarcentury’s development and growth. This new investment further strengthens our position as a leader in building integrated solar products.”
Samer Salty, CEO of zouk ventures, said, “Solarcentury has an impressive track record in the UK solar market and we are excited about the prospect of further European expansion. Favourable market conditions, supportive legislation and early sales successes have signaled that now is the time to push further into international markets. The Company’s experienced management team is well positioned to capture the fast growing building integrated solar opportunity and we look forward to working with them”. zouk’s investment in Solarcentury further builds its portfolio of leading European Cleantech companies.
“With this investment round Solarcentury will take the next steps towards European expansion. We are a proud investor in one of the future leaders in the downstream solar PV business in Europe”, Sven Hansen, Chief Investment Officer of Good Energies said. Good Energies’ investment in Solarcentury is an important step in strengthening its downstream portfolio in photovoltaics.
For further information:
Charlotte Webster +44 (0) 207 803 1148, + 44 (0) 7990 583307
Philip Tomlin - Investor Relations +44 (0)20 7947 3421
Dr. Alexander W. Rohde +41 41 560 66 60
Consensus Business Group
Wayne Keast +44 (0) 207 355 7804
Iyad Omari +44 207 833 0555
Solarcentury Holdings Limited
Solarcentury is the UK’s leading solar energy company, specialising in the design and supply of building integrated solar technologies. Solarcentury is in business for a purpose: to help create a cleaner world and a sustainable future. Based in London, with operations in the UK, France and Spain, it has installed over 500 solar systems including those on the Eden Project, Vauxhall Cross Bus Terminal and Europe’s largest vertical solar facade on the CIS Tower, Manchester. Solarcentury has helped thousands of homes go solar through its network of associate installers and is the founding company of the schools initiative Solar4Schools. In 2006, Solarcentury was named the UK’s Fastest Growing Renewable Energy Company by The Sunday Times Tech Track 100. www.solarcentury.com
Founded in 1999, zouk is a London based investment manager focusing on Cleantech as well as renewable and environmental infrastructure. zouk currently manages two technology funds and invests in solar infrastructure projects through zouk Solar Opportunities Limited. For further information please visit www.zouk.com
Good Energies is a leading investor in the renewable energy industry, managing the renewable energies portfolio of the COFRA Group, a privately owned group of companies. The current market capitalization of its portfolio is over five billion dollars. Good Energies places its emphasis on the interrelated business areas of solar energy, wind energy, load management and green buildings. Good Energies operates globally with offices in Zug/Switzerland, London, New York, Washington D.C. and Toront