PS Renewables expands to U.S.; expects big growth by year end

PS Renewables

British and Spanish-owned solar company PS Renewables has opened an office in Portsmouth, New Hampshire, USA, to support its business in the North East USA (New England).

The company has also formed a US entity, Padero Solaer USA, formally registered in Delaware, which will operate from the new office.

The company will focus operations on two locations: New England (Massachusetts, Maryland and New Hampshire), and the South East (North Carolina, Virginia and Tennessee).

Matt Hazell, commercial director, PS Renewables’ UK business, said, “PS Renewables has been operating very successfully for over five years in the UK, and since the UK market began to slow due to the removal of subsidies, we set our sights on alternative markets.”

“This is a fantastic time for any aspirational business in the United States, and the clean energy sector is growing fast,” Hazell added. “We have identified the right locations to grow and build the PS brand, development and EPC business.”

The company will focus on developing new ground-mount solar projects in partnership with local companies. It has already signed exclusive contracts with two large developers on the East Coast aiming to bring over 1 GigaWatt to market.

Matt Hazell continued: “We’ve seen strong interest in projects in Tennessee and New Hampshire, seen to be the next big solar states following-on naturally from the success of North Carolina and Massachusetts. With support from both UK and US major funders agreed, we will develop projects ranging from 1MW to over 100MW in the year ahead.”

PS Renewables continues to build solar farms in the UK as EPC, with a pipeline of 30 MW of private wire projects. Its Operations and Maintenance business also continues to flourish, having won 10 new contracts over the past few months.

With its expansion to the U.S., the company expects to grow to over $250 million by the end of 2017.

Rajani Baburajan