The Guinness EIS team has invested in six companies that were set up by leading renewable energy entrepreneurs to develop, build, own and operate renewable energy generation projects. A brief summary of each company is shown below.

Redan Power Limited

Redan Power has installed solar panels on 14 purpose built barns located in East Anglia.
The landlords are able to use the barns and the electricity generated at a discounted rate. Any electricity not consumed on site is sold by Redan Power to a green power utility for a fixed price that is higher than the Government-set export tariff. Redan Power receives the Feed-in Tariff payments for the electricity generated. The Feed-in Tariffs and payments by the landlords increase annually by RPI.
In November 2012, one year after the first sites were commissioned, Redan Power installed a further 100kWp of installations on social housing in Southern England.

Spire Energy Limited

Spire Energy has funded the construction of a portfolio of solar installations on six National Express bus depotsand manufacturing facilities owned by Ecotherm, a subsidiary of Kingspan plc.
The landlords pay a commercial rate for electricity produced and commit to use a significant portion of the projects’ output. Spire Energy receives the Feed-in Tariff and any power not used on site is sold to a green power utility for a fixed price that is higher than the export tariff.
The company is agreeing terms for follow on installations to use available cash flow, which are expected to enhance the returns to the original EIS investors.

Electric Avenue Limited

Electric Avenue has installed solar panels on 142 houses in southern England.
The householders are able to use up to 100% of the electricity generated at a discount. Electric Avenue receives the Feed-in Tariff payments for the electricity generated which includes an export tariff for half of the electricity generated. The generation tariff and export tariff increase annually in line with the RPI.
In September 2012 the company agreed to use approximately the first 12 months of cash flow to buy out the development partner’s share of revenues at a price that is expected to enhance returns to the original EIS investors.

Free Green Energy Corporation Limited

Free Green Energy Corporation is building solar installations on commercial sites in Southern England. These sites range from 50kW to 500kW and are all roof mounted, qualifying for 1.7 ROCs. Free Green is working with EvoEnergy, a leading UK solar installer based in Nottingham and with installation teams nationwide.

Renewable Asset Limited

Renewable Asset Limited is building solar installations on commercial and industrial buildings in Northern Ireland. Northern Ireland has an attractive subsidy to encourage solar installation, whereby installations benefit from 4 ROCs.

Myroe Energy Limited

Myroe Energy Limited sources, installs, owns and operates renewable energy generating projects with a range of developers in the UK. Projects are expected to earn a mixture of ROCs, RHI payments and energy purchase payments from customers.

Installation Photos

Installation Partners

installationpartners