Bord Gáis Energy has announced a deal to buy Swyft Energy, a solar photovoltaic (PV) provider in Ireland, for an undisclosed sum.
Bord Gáis Energy already operates in the solar PV market - directly to residential customers and through its partnership with Irish Farmer's Association.
It said the deal for Swyft Energy brings deeper solar PV capability to its residential as well as business and farming customers as the company transitions to a green energy business.
With a target of 10,000 installations over the next five years, today's deal will allow Bord Gáis Energy to compete better for the growing demand for solar energy in residential, commercial and agricultural sectors.
Customers can save an average of 50-70% on their electricity bills with the installation of rooftop solar panels.
Dave Kirwan, Managing Director of Bord Gáis Energy, said the company is fundamentally repurposing its business to seek to become a leading green energy business, working towards energising a greener, fairer future.
"We make energy, we store it, we move it and we sell it. In doing all of that, we are committed to achieving net zero by 2045, and to helping our customers reach net zero by 2050," Mr Kirwan said.
"We're working with our 730,000 residential, commercial and agricultural customers to help them become more energy efficient and move to renewable energy solutions," he said.
By 2030, Bord Gáis Energy expects all of its electricity customers to be powered with indigenous renewable generation.
Adrian Casey, co-founder of Swyft Energy, said that joining Bord Gáis Energy allows the company to scale its operations and bring innovative solar solutions to more homes and businesses, driving Ireland’s transition to a renewable future.
"We are excited to combine our technology platform and experienced team, with Bord Gáis Energy’s brand and large customer base to deploy energy products at scale over the coming years. The demand for solar PV is driving forward at a pace, with many people keen to make the switch, especially when they realise potential savings," he added.
