Albion invests £1.4m in Isis Renewables

The capital injection was made through Erin Solar, described by Isis Renewables as an "investee company" that has been set up to provide solar photovoltaic (PV) panels to commercial landlords in Northern Ireland.

Albion hopes to generate income for its funds by selling electricity to the network grid and landlords at a discount, over a possible 20-year lifespan. According to Albion, its fund investors will benefit from "inflation-protected" returns, due to a higher Renewables Obligation Certificate (ROC) banding in Northern Ireland.

The capital injection marks the 12th investment in renewable energy by Albion, as well as the firm's third investment in the solar PV sector.

Company
Isis Renewables forms part of the Isis Group, which originally began with Isis Solar in 2010. The London-based company initially focused on providing free solar PV panels to households and businesses across the UK.

Isis generates turnover via the government's feed-in tariff scheme, in which a household or business generating energy from a small-scale renewable scheme for a long period of time is paid cash by the government through utility companies.

People
Lawrence Buckley is the founder of Isis Group and the managing director of Isis Renewables. Marco Yu is an investment manager at Albion.

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