A green energy firm has revealed ambitious expansion plans with the takeover of Greater Manchester-based international consultancy Wheldrake Energy.
Energy procurement expert Local Green Energy (LGE) has bought Wheldrake Energy and its acclaimed market intelligence brand Energy Trader Daily for an undisclosed sum.
Whitehills-based LGE is part of businessman and green energy entrepreneur Simon Rigby’s (pictured) highly-acclaimed Greengen Group which specialises in developing, managing and operating renewable energy.
Greengen’s companies include Farmgen, the UK’s leading expert in “energy farming”, which has embarked on a nationwide £30m anaerobic digestion expansion plan, and Solar PV technology experts Solargen Plus.
Mr Rigby, who is LGE’s chairman, was founder of the FTSE 250-listed utility services group Spice – now called the EnServe Group – before becoming involved in the setting up of Greengen.
LGE managing director Asif Rizvi said: “This acquisition is a major step to becoming the industry leader in market intelligence, energy purchasing and management.”
Wheldrake Energy, currently based in Oldham, will transfer to LGE’s offices on the Fylde coast as part of the deal.
Its managing director, Omar Rahim, will also move across to LGE as part of the deal, as director of trading and operations.
Mr Rizvi added: “Our group, Greengen, has invested millions in renewable generation assets and now we are uniquely placed to offer clients exceptional energy risk management services.”
LGE also gives its clients, which range from major corporate businesses to smaller firms, contract management and data services as well as advice on generating their own energy.
Wheldrake Energy is involved in the procurement of electricity of gas as well as carbon management and bill validation and the production of industry-leading market intelligence.