Ethical Power is one of UK’s most innovative and ambitious sustainable energy generation companies. It has market leading expertise in Engineering, Procurement and Construction (EPC) contracts, Operation and Maintenance (O&M) and Asset Management. Ethical’s O&M Team operates more than 250MW of PV across the UK and expects to construct a further 300MW over the next 12 months.
In November 2020, Hive Energy acquired 50% of the Ethical Power Group. Hive Energy’s partnership with Ethical Power transforms Hive into a fully integrated market-leading renewable energy business, with a track record across the whole life cycle of solar energy projects.
The partnership of Hive Energy and Ethical Power will facilitate the delivery of over 2GW of solar projects currently in development. This marks Hive Energy’s latest progression towards its mission of creating transformational change for a cleaner future through the delivery of world-class solar projects.
The combined position of Hive Energy and Ethical Power in the market will allow Hive Energy to select the best assets for development & acquisition over the next five years. The partnership will be a key market player with involvement in over 2GW of projects in development and with tenders submitted to construct over 1.2GW of solar assets. The partnership between Hive and Ethical aims to build a sizeable portfolio of high-quality generating assets and secure long term PPAs for its asset portfolio.
Speaking of the partnership Giles Redpath, Hive Energy’s CEO, said:
“Hive Energy believe that renewable energy generation is the most important thing that is going to happen to our planet over the next 50 years. The acquisition of Ethical Power is an exciting milestone for Hive to transition a leading renewable energy business and deliver world-class solar projects to support the decarbonisation of our energy system and accelerate the transition to a green economy.”
To find out more about Ethical Power, visit its website here.