Galgorm Renewables, a Northern Ireland developer of Solar PV installations has secured a major investment from London based investment business, Downing LLP.

The Investment was made under the Enterprise Investment Scheme from The Downing Renewable EIS Service and was warmly welcomed by Trevor Finlay, Galgorm Renewables’ Managing Director. Finlay commented, “We are delighted to have secured the financial backing and confidence of Downing for the roll-out of our Solar Energy Saver programme. Our offer provides homes, businesses and organisations in N.Ireland the opportunity to reduce their energy costs with no financial outlay.”

Finlay continued, “The programme has already generated significant levels of interest. With energy bills for businesses at an all time high, we are delighted to be able to bring some welcome relief. Solar PV is a highly reliable and effective renewable technology and with the government’s continued support on the Renewable Obligation for Northern Ireland, we are confident that we can deploy a minimum of 5 MW of Solar PV with Downing’s financial support.”

Michael Hughes, an Investment Director at Downing,  also welcomed the investment into Galgorm Renewables. Hughes said, “Having invested more than £100m into UK based renewables over the last 3-years, Downing has significant experience working with management teams in the renewables sector. We recognised in 2012 that Galgorm Renewables had great potential to develop its Solar Energy Saver programme and are delighted to have completed this first renewables investment in Northern Ireland”

About Galgorm Renewables:

Galgorm Renewables Limited is a Northern Ireland developer of Solar Photo-Voltaic Systems and offers N.I. based businesses and home-owners the benefit of free Solar PV installations coupled with free solar energy thereby significantly reducing energy bills and CO2 emissions.  For more information contact email: info@solarenergysaver.co.uk or visit SolarEnergySaver.co.uk

About Downing:

Downing LLP is a London based investment house specialising in tax efficient investment products. Since its formation in 1986, Downing have raised in excess of £1 billion from over 20,000 UK investors. Downing’s expertise in the renewable energy sector continues to grow considerably. Since 2011, their VCT, EIS and IHT relief funds have invested over £100 million in renewable energy businesses, primarily in the solar and anaerobic digestion sectors. For more information contact email: webinfo@downing.co.uk or visit Downing.co.uk

ENDS