UK developer Camborne Capital and US solar investor sPower have signed an agreement to work on utility-scale projects in the UK.
The pair said they intended to “deploy significant capital” under the three support schemes open to PV projects in the UK.
It will look to use the Renewable Obligations scheme, which closes to solar plants over 5MW in March 2015, its replacement the contracts for difference (CfD) auctions and the feed-in tariff (FiT), which is only available to projects under 5MW.
“The formation of the strategic alliance with Camborne allows us to capitalise on their position as a trusted development partner and to contribute further to the growth of renewables generation in the UK,” said Ryan Creamer, CEO, sPower.
Declan Mackle, CEO, Camborne Energy Group, said: “We couldn’t have asked for a better strategic partner than sPower. Its proven track record of success under seasoned and deeply-respected leadership, coupled with its aggressive and well-funded plan for gaining market share in the UK and North America, will mesh well with the foundation Camborne has laid. To say that we are optimistic about the possibilities would be an understatement.”
SunEdison founder Jigar Shah was appointed to the board of sPower last month.