Huge £100m deal to install solar panels in thousands of UK homes

Kinetics have signed a huge £100m deal to supply solar panels on thousands of UK homes, which could potentially create thousands of new jobs.

Building report that repair and maintenance experts Kinetics, have teamed up with Sovereign Capital to build 20,000 solar panels on the roofs of thousands of homes around the country.

The purpose of this deal is to supply cheap power and electricity for these homes, which will make them in line with the Government’s Green Deal and save homeowners money on their energy bills.

The coalition government has recently introduced a feed-in tariff, which reportedly will not affect these plans. The Chief Executive of Kinetics, Chris Cheshire, said in a statement that, “we’ll be able to supply social housing tenants with cheap power, saving them about £300 a year per home. Then any surplus is sold to the grid.”

No housing contractor or council have signed up to the scheme so far, but this scheme will create plenty of jobs for electrical contractors around the country.

What do you think about these plans? Let us know and join in the debate on the Train4TradeSkills Facebook and Twitter pages.


About Train4tradeSkills

Train4TradeSkills offer the only trade training skills courses that combine three great ways to learn, through a unique blend of book based theory, practical workshops and virtual reality PC based training, to help you qualify you as a plumber, electrician or gas engineer. No other learning provider offers our unique way to study, with full tutor support, easy to follow, step by step modules. Once you complete one part of the course and return your work for marking, the next stage of the course automatically follows. It’s as easy as that. It’s fun, it’s easy to follow... and it can be fitted around your existing work and family commitments!

Posted on February 28, 2011, in construction jobs, construction news, Electrical News, electrician, electrician courses, electrician jobs and tagged , , , , , , , , , , , , . Bookmark the permalink. 3 Comments.

  1. Just to update the story, the funding is part of a fund being raised by Sovereign Capital not the Prudential. The Prudential have not signed up to any such scheme.

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  1. Pingback: Huge £100m deal to install solar panels in thousands of UK homes … :: Solar Panels For Homes| Information on Solar Power For Homes

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