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Solar panel scheme investor sought

Circle Anglia has begun its search to find a partner to invest in the provision of solar photovoltaic panels on its UK homes.

The project will benefit from Government feed-in-tariff funding and could see energy suppliers paying for electricity generated by the solar panels.

A single provider will be appointed by Circle Anglia, which will assume sole responsibility for the funding, delivery, installation and long-term operation and maintenance of the solar panels. The devices will provide electricity to homes owned by Circle Anglia, its partners and clients.

The partner will be charged with installing the panels to provide free electricity to the properties that are part of the scheme, while excess electricity will be sold to utility companies.

Circle Anglia assistant director John Daley said: “This project will be a real example of how private investment can provide benefits to our residents. It will help us to achieve our aim of ‘enhancing the life chances’ of our residents by reducing energy costs as well as making Circle Anglia’s homes greener and more energy efficient.”

Installation of these solar panels, which is scheduled to begin this summer, is expected to take two years to complete.