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    Solarcentury Logo

    29 August 2007

    Solarcentury Ltd Completes £13.5million Financing

    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.

     
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