Good Energy Group is to acquire JPS Renewable Energy Ltd for £13.75 million. The acquisition includes the specialist solar and storage installation and distribution business, and its wholly owned subsidiary, Trust Solar Wholesale Limited, a standalone distribution and procurement business based in Maidstone, Kent.
Nigel Pocklington, chief executive of Good Energy Group, said, “Solar is experiencing a boom in the UK and its role in decarbonising our energy system is absolutely crucial. Installations are back at the peak we saw during the introduction of the Feed-in-Tariff — another period in which Good Energy was a key player, leading to our position as the largest voluntary administrator of the scheme today with over 180,000 solar generator customers.
“The solar installation market was worth £1.9 billion in 2023, with installations growing 38% on already strong growth in 2022. This is pronounced in the South East, which is the region with the fastest rate of domestic installations in the country.
“The JPS Group has carved a position as a leading installer across the region, serving as the solar specialist in the South East of the UK for larger homes and properties with more complex requirements. It is growing at a significant rate to help supply a specific market that is demanding premium clean energy products and services, which Good Energy is well positioned to provide as a premium, trusted and truly green energy supplier.”
He added, “Having integrated our previous acquisitions we are already marketing solar, storage and heat pumps alongside supply as everything you need for a greener home or business. Integrating JPS Group under the Good Energy brand will help to grow and consolidate Good Energy’s market share, affirm us as solar and storage experts, while also providing the opportunity for Good Energy to introduce its wider product suite to a new customer base.”