• E.ON UK has today announced it has signed an agreement to fully acquire Eco2Solar, the UK market leader in residential solar installations for property developers and new-build housing.

Founded in 2007, Eco2Solar aims to make solar energy solutions a viable, cost-effective standard on every new home, helping to give homebuyers more flexibility with renewable energy choices and drive sustainable housing development.

E.ON UK acquired a 49 per cent stake in the company in December 2020, helping Eco2Solar to further its reputation as a trusted partner for some of the UK’s leading property developers and support the accelerated adoption of solar energy. To date, Eco2Solar has installed solar panels on well over 50,000 homes, generating around 85 million kilowatt-hours of green electricity, which is enough to make over 2.7 billion cups of tea every year.

The full acquisition will combine the operational strengths of E.ON UK and Eco2Solar to drive further growth in the solar installation market, help reduce CO2 emissions in the housing sector and accelerate the adoption of renewable energy solutions as the Government seeks to build 1.5 million new homes and achieve clean energy by 2030.

Chris Norbury, CEO of E.ON UK, said: “This is another important, strategic step towards accelerating our growth in the new builds market, while connecting residential customers to flexible energy solutions that help to lower their bills, and continuing to lead on the UK’s transition to clean energy.

“Having acquired a 49% stake in Eco2Solar five years ago, we have been helping developers deliver renewable energy solutions to reduce carbon emissions, and with the aim of making solar energy flexible and affordable for the many, not the few.”

Paul Hutchens, CEO of Eco2Solar, said: “My vision has always been to make solar standard and to change the way that we think about how we get our energy in this country. E.ON UK and Eco2Solar have the opportunity and resources to create new models that will make solar and other sustainable technologies available to everyone.”

About E.ON UK

E.ON UK's goal is to ensure the energy transition works for everyone. Through E.ON Next, E.ON Energy Infrastructure Solutions and npower Business Solutions, our mission is to help make energy more affordable and sustainable across homes, businesses, cities and communities. Globally, E.ON is a major provider of energy solutions and clean energy networks with around 47 million customers across 17 countries. In the UK, we serve nearly one in seven households and businesses, and we are the UK's largest supplier of electricity to industrial clients.

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About Eco2Solar

Eco2Solar was established in 2007 to address the threat of climate change, by reducing CO2 emissions through the application of solar energy. From its bases in the Midlands and Scotland, Eco2Solar has grown rapidly to become a leading solar installer focused on new-build homes and apartments across the UK. As passionate renewable energy and sustainability enthusiasts, Eco2Solar aims to make homes a key part of the UK’s transition to smart, sustainable energy.

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