AlbionVentures
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Portfolio
Engensa – Street by Street solar programme
Engensa was founded in 2009 with the mission to provide homeowners across Britain with their own, sustainable and profitable source of power, and in the process, create jobs in the local community. Engensa has been installing solar panels on homes for 12 months, for customers with suitable south-facing roofs in Berkshire, Buckinghamshire and Oxfordshire, with the scheme set to expand to five neighbouring counties in the first half of 2011. Albion provided the funding for Engensa to roll our a ‘free solar’ programme in the Maidenhead and Windsor area. The programme funds solar installations on domestic roofs, giving the benefit of the generated electricity to consumers while generating returns for investors from the feed in tariffs.
“Albion Ventures has a clear understanding of the renewables sector and have been a great support in helping us develop our business. They have shared an excellent industry knowledge and contacts.”
Sector
Environmental
Amount Invested
£2.0m
Location
London
Deal type
Asset
Year invested
2010