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Huge Increase In Solar Panel Sales For Scottish Business

Renewable Resources (Energy Solutions) Ltd from New Lanark near Glasgow that was established in 2008 and employs 60 staff between its Head Office and its regional office in Milton Keynes has seen their turnover go up ten fold in the year to the 30th June 2012. In addition to these offices it also has a number of contractors around the UK.

Sainsburys have had solar panels installed at many of their stores
(image credit: BazzaDaRambler)

Turnover reached £21 million compared to only £2 million for the previous year, This can be mainly attributed to the increase in volume of business from the commercial sector with 80 % of their order book for solar panels now being made up of business and commercial customers. In the current trading year the company are forecasting another increase in turnover to about £25 million.

In the 12 months to 30 June 2011 the company recorded a net profit of just about £52,000 whereas, in the 12 months to 30 June 2012, the net profit was £1.5 million.

The company’s performance was helped by winning a solar panels contract to install panels at Sainsbury’s supermarkets and has completed the installation at in excess of 100 stores. About 20% of the company’s work is carried out in Scotland.

Towards the beginning of this year the company opened an office in Stamford, Connecticut in the United States of America where sales have already exceeded $1 million (£627,000).

John Devlin who is Managing Director said: “It has been some year for Renewable Resources and we are delighted with the success of the company, but more importantly what it tells us is that individuals and organisations are becoming aware of the possibilities of solar power both financially and environmentally.”

He felt that with the increase in normal fuel bills that an increasing number of people will be attracted to alternative sources of energy.

Some of their other customers are Renfrewshire Council, Tayside Police and Scottish Prison Service.

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