LONDON, UK: Good Energy Group, the 100% renewable electricity and energy services provider, has acquired the entire issued share capital of Wessex EcoEnergy Limited, an established UK based solar installation business, on a debt free, cash free basis for an initial consideration of £2.5 million.

Building on its acquisition of Igloo Works in December 2022, the acquisition represents a further milestone in delivering on Good Energy’s strategy to expand its capability in decentralised energy services, complementing its established energy supply business and heat pump installation capability. It also supports Good Energy’s ambition to help one million customers cut carbon by 2025.

Wessex will report under Good Energy services division and continue to operate under its own brand. Wessex will benefit from now being able to offer a full energy service package including solar, storage, heat and export tariffs for its customers. Services will be marketed to both Good Energy’s existing 270,000 customers and new prospects focused in the South West of England.

Wessex is a registered MCS, RECC and Tesla Energy Certified solar installer and service provider, based in Dorchester, for domestic and commercial customers with an established team of engineers, technicians, and operations specialists. It has a strong brand predominantly covering the South West of England and a proven track record of high-quality installs with a 5* Google review rating. It completed 155 installs in 2022 and following the acquisition will be targeting 600 panel installations per month within 18 months.

The Acquisition builds on Good Energy’s existing energy service offering across other product areas including heat, storage and electric vehicles. Good Energy will seek to accelerate growth in these areas through further bolt-on acquisitions.

Nigel Pocklington, Chief Executive Officer of Good Energy, said: “Good Energy is fast becoming the UK’s go-to all-in-one solar service company. We have the second largest solar generating customer base, paid out a record amount for solar power last year and have launched market leading smart export tariffs. Bringing Wessex into the business accelerates our solar and storage installations business, as the solar surge which saw installs grow 125% in 2022 continues.

“Not only does Wessex ECOEnergy’s purpose align with Good Energy’s, its premium, trusted positioning in the South West aligns with Good Energy too.

“There is a £5 to £10 billion growth opportunity in clean energy technology installations among climate conscious consumers. With our trusted legacy and green-motivated existing customer base we are positioned to be a major player in this, and are already kitting out homes with heat pumps, solar and batteries. Now we’re supercharging our solar services.”

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