BSR agrees deal with Mongoose Energy to manage 50MW community solar portfolio
Partnership with UK’s largest manager of community-owned renewable energy assets paves way for growth in sector
BSR has signed a ‘first of its kind’ deal with Mongoose Energy, the UK’s largest manager of community-owned renewable energy assets, to manage a 50MW portfolio of 14 solar parks, the companies announced today.
This is the first solar operations and maintenance (O&M) deal to span a number of community projects. The five-year agreement covers solar parks owned by community organisations; once the on-boarding is complete, BSR will manage a 586MW solar portfolio across 64 sites.
Dan Kingscote, Performance and Operations Manager, Mongoose Energy said: “It is vital for Mongoose and our clients to get the highest calibre O&M available, not simply the cheapest. BSR demonstrated throughout the tender that they understand our clients’ values and operate to the highest health and safety standards.
“O&M is a technically complex and time-consuming activity. To do it properly requires a well-resourced and experienced contractor to both manage the site and support in optimising asset performance.”
Matthew Harnack, BSR O&M Director, added: “This landmark contract with Mongoose builds on our work in the sector and establishes BSR as a leading O&M provider in the burgeoning community energy market.
“We are looking forward to partnering with Mongoose and using our extensive experience to help maximise the output of these sites, and therefore improve returns for the community group members. We have a tried and tested, collaborative approach to community solar O&M, which means we are confident in our ability to effectively respond to the communities’ needs and work with them to deliver positive outcomes.”
BSR will manage nearly half (46%) of community energy capacity in England, Wales and Northern Ireland, once these 14 sites are on boarded. The company also holds the O&M contract for two community energy projects at Westmill, near Watchfield, Oxfordshire, and Wedmore, Somerset.
Mongoose Energy handpicked BSR following a competitive tender process, including two submission stages and assessment by Mongoose’s community group board members.
Mongoose Energy was set up to increase community ownership and control of energy generation, democratise the energy sector and improve lives of those in the communities in which it operates, as well as contributing to the decarbonisation of the energy system.
The company has so far raised over £100 million for the 12 community groups with which it works across the country. It is currently offering over £4 million of investment opportunities in community-owned renewable energy, with target returns of up to 8%. To find out how to invest, visit: http://bit.ly/mongooseinvestments.
Investing in the projects promoted by Mongoose Energy puts your capital at risk and returns are not guaranteed. Please read the full risk warning: https://www.mongoosecrowd.co.uk/risk before deciding to invest.