A leading renewable energy firm has announced plans to consolidate its UK operations into one centralised London office.
Lightsource Renewable Energy is switching its main headquarters to 20 Old Bailey in light of a rapid company expansion, which has seen the firm grow from having just eight employees to over 100.
Many members of the Lightsource team were actually spread across offices at 15 Old Bailey, 1 Fetter Lane and at an office shared with the company’s equity provider, Octopus Investments. However, the move has enabled the company to consolidate its efforts into one central base of operations.
Lighthouse CEO, Nick Boyle, has claimed that Lightsource is the UK’s largest provider of solar energy. The company possesses an installed capacity of over 120MW (megawatts) of solar power.
Established in 2010, the company has continued to grow in stature and now has a work force consisting of engineers, project managers and others, who sourceÂ unused ground sites and industrial buildings for the purpose of generating solar power – from installed panels – which can then be sold to a utility company.
The relocation to the new office marks the third move for the firm this year (2012). It also established a satellite office in Bath, which is where its project management team is based to oversee work carried out on sites across the southwest of England. It has also established a branch in Belfast, Northern Ireland, which is tailored more towards the needs of businesses in the area that require the installation of large-scale solar schemes.
News bought to you from DeVono Cresa, the award-winning commercial property advisers, specialising in Central London office, retail and leisure space.