Two Blues Solar (“TBS”) announces the expansion of its investment capacity through a joint venture with US renewable-focused private equity firm True Green Capital Management (“TGC”). This collaboration provides TBS with substantial investment capital for the next five years, enabling the deployment of capex-free on-site solar projects for energy-intensive businesses, reducing their energy price by up to 60%.
Last year, renewable energy accounted for 42% of the UK’s total energy production, with solar energy contributing only 5% – despite being the most cost-efficient renewable source. There are several barriers to its widespread use, not least significant upfront capital investment, as well as capacity constraints on the national grid and the perception that solar energy is land intensive.