Tuesday, 21 September 2010

Solarcentury takes crown as UK's fastest-growing energy firm

Solar panel specialist emerges as only energy firm to make it on to The
Sunday Times Tech Track 100 Report

Solarcentury has seized the title of the UK's fastest growing private energy
company, outpacing rivals in both the renewable and traditional energy

According to the latest The Sunday Times Tech Track 100 Report, which ranks
private technology, media and telecoms companies with publicly available
accounts based on their sales growth over the past three years, Solarcentury
has emerged as the only energy firm to feature in the top 100.

The title caps several years of rapid growth for Solarcentury, which has
seen the company's sales climb from $13.9m in 2007 to £34.5m in 2010.

The company is also likely to see its average annual growth rate of 36 per
cent increase further as a result of the government's recently introduced
feed-in tariff incentive scheme.

Installations of solar panels have soared since the scheme was introduced in
April and Solarcentury announced earlier this month that it has almost
doubled staff numbers across its network of installers since the start of
the year in response to increased demand. The company has also said it
expects to boost its own workforce from 120 to around 160 people during the
current financial year as it continues to grow in the UK and across Europe.

Derry Newman, chief executive at the company, said that he was confident
that it could maintain high growth rates over the coming years.


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