Published 08 February 2017 Plenary powers up with NuGreen acquisition
Plenary has boosted its capabilities in the growing ‘new energy’ market, acquiring a majority stake in leading energy services provider NuGreen Solutions.
NuGreen audits, finances, delivers and maintains energy solutions such as rooftop solar systems and LED lighting for commercial, industrial and government clients across Australia and New Zealand.
Plenary CEO Paul Oppenheim said renewable energy solutions have never been more compelling with the public and private sectors increasingly committed to reducing carbon emissions, and with low-cost financing available to support the transition.
“Providing governments and industry the option to privately finance the capital works associated with these solutions ensures they incur little or no costs upfront, but gain the benefits of immediate and long-term savings on energy costs,” Mr Oppenheim said.
NuGreen CEO James Chisholm said the clean energy market will continue its rapid growth as the cost of technology decreases, fossil fuel prices rise and the public expectation on governments and industry to adopt reliable, sustainable and affordable means of generating and using power.
“We look forward to working with Plenary’s network of public and private partners on opportunities to integrate energy solutions into new and existing projects and across public and private infrastructure more broadly,” Mr Chisholm said.
NuGreen audits, finances, delivers and maintains energy-efficiency, lighting, solar and other technical energy solutions for the built environment. Established in 2011, it services a range of commercial, industrial and government clients in Australia and New Zealand with particular expertise in the construction, building services and energy sectors www.nugreen.com.au
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