Product category:
Heating Systems, Controls and Management
News Release from: Cel-F Solar Systems
Edited by the Buildingtalk Editorial
Team on 01 November 2007
Cel-F Solar gets Bank of Scotland
funding
Renewable energy specialists, Cel-F Solar Systems has agreed a funding package with Bank of Scotland to help finance their growth over the coming years.
Cel-F Solar brings a complete renewable energy solution to the construction sector, providing 360o support, from design to maintenance, for a range of renewable energy systems Their expertise within this sector was recognised by Bank of Scotland and has led to the investment of GBP1m by their Growth Equity team, a division that specialises in investing equity in early stage, fast growing businesses
This article was originally published on Buildingtalk on 15 Jan 2003 at 8.00am (UK)
Related stories
ABB raise £25,000 for Charity
ABB Building Systems has participated in the 12th World's Biggest Coffee Morning in aid of Macmillan Cancer Relief and raised £25,000.
ABB Building Systems contract from M and S
Eight Marks and Spencer stores get the ABB Building Systems treatment.
Stephen Green, Director of Growth Equity for Bank of Scotland Corporate, commented: "Cel-F sits squarely with our strategy of investing in and building high growth companies led by first class management".
"The company's growth rate is in excess of 30% p.a".
"over the past 3 years with turnover on track to double in the current year".
Further reading
ABB Doubles AC Drive Sales To HVAC
ABB has doubled the sales of drives dedicated for HVAC applications during the first full year of operation.
ABB Appoints Latest HVAC Drives Partner
ABB has appointed Slater Drive Systems of Newcastle-Upon-Tyne, as a partner for its range of dedicated HVAC drives.
"Cel-F has been quick to react to legislative requirements such as the Merton Rule - deployment of which is set to increase rapidly over the next 5 years as more planning authorities adopt this obligation".
"The investment also builds on the Bank's reputation as a leading investor in the renewable energy sector".
Legislative framework, in particular the 'Merton Rule', the Code for Sustainable Homes and increasing environmental awareness are driving high growth in the renewable energy sector.
Legislation is mandating architects and developers to include a minimum of 10% renewable energy schemes in all new developments in a growing number of Local Authorities.
Commenting on the deal Alan Fry, Director of Cel-F Solar Systems, said: "We are delighted to be working with the Bank of Scotland Growth Equity team".
"As a leader in the renewable energy field, we see this investment as an opportunity to grow our business, combining superior design, installation and on-going support, with the introduction of new technologies".
"Our expertise enables our clients to achieve their energy efficiency goals in an appropriate and cost effective manner".
"Cel-F Solar expect to increase our customer base and deliver more projects like Brighton University, where we installed one of the largest solar hot water systems in the UK, or the Elektron Tower Blocks in London, where we installed a combination of wind turbines and solar PV to meet planning obligations".
This is an exciting development for Cel-F Solar Systems and testimony to their professional approach to renewable energy provision.
This investment will allow them to continue to grow and provide their customers with service and support unsurpassed within the market.
• Cel-F Solar Systems: contact details and other news
• Email this article to a colleague
• Register for the free Buildingtalk email newsletter
• Buildingtalk Home Page
Search the Pro-Talk network of sites
