SunEdison acquires Mark Group to boost UK rooftop foothold

Facebook
Twitter
LinkedIn
Reddit
Email

SunEdison has continued its acquisition spree with the purchase of UK-based energy provider, Mark Group, for an undisclosed fee.

The acquisition of Mark Group gives SunEdison a direct sales channel to the UK domestic and commercial market. Mark Group is estimated to have an existing customer base of around two million.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

SunEdison entered the UK domestic and commercial solar space at the beginning of this year, bringing to market two PPA offerings. Mark Group was one of SunEdison’s UK partners offering the company’s domestic SunEdison Energy Saver Plan.

“Mark Group is a seasoned leader in delivering energy efficient solutions to homeowners and businesses in the UK, and this acquisition will enable SunEdison to offer additional energy solutions, products, and services directly to customers,” explained Vikas Desai, SunEdison senior vice president of residential and small commercial.

“By establishing a direct sales channel in the UK, we are augmenting our existing installation partner network to meet the growing demand for solar in this market.”

However, the acquisition also provides SunEdison to expand its offering away from solar PV. Desai explained: “As we rapidly scale our business globally, we see the Mark Group expanding SunEdison's expertise and bandwidth in the consumer energy efficiency market, an excellent complement to our residential and commercial distributed solar business.”

Bill Rumble, chief commercial officer at Mark Group said that the acquisition would give the company “the opportunity to deliver even greater value to our customers, helping them to enjoy long-term benefits from insulation, solar power and other expertly installed energy products”.

SunEdison has also been very active in the UK ground-mount solar sector, securing its position as one of the top-three utility, ground-mount solar players.

The acquisition of Mark Group mirrors SunEdison’s US$2.2 billion acquisition of US residential PV provider, Vivint Solar on Monday. SunEdison sad that the move would support its residential solar push, both in the US and globally.

Read Next

October 8, 2024
The partnership aims to boost the sale of solar cell equipment in India amidst a growth in capacity announcements.
Sponsored
October 8, 2024
PV Tech sat down for a conversation with leading Chinese equipment company Ningxia XN Automation at this year's RE+ event.
October 8, 2024
PV Tech spoke to sun.store about its latest report, showing a downward trend for prices for monofacial and bifacial modules in Europe.
October 8, 2024
Once complete, the project is intended to produce 5GW of tunnel oxide passivated contact (TOPCon) cells and 3GW of modules.
October 8, 2024
Zelestra has acquired a majority stake in German independent power producer (IPP) East Energy GmbH from CropEnergies.
October 8, 2024
NextPower UK ESG has signed one of the UK’s largest solar sleeved PV PPAs with Anglian Water Services covering the 75MW Llanwern project.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 8, 2024
San Francisco Bay Area, USA
Solar Media Events
October 15, 2024
Santiago, Chile
Solar Media Events
October 22, 2024
New York, USA