THE ASSETS, administration services and IT infrastructure of the collapsed promoter behind the controversial Derril Water solar farm project has been acquired by a competitor.

Ripple Energy Services, which promoted its co-operative model for the creation and operation of large-scale solar farms recently went into administration.

However it has been announced that 1st Energy will take over the company and its three operational solar farms, including Derril Water.

Gary Christian, managing director at 1st Energy, said: “We are delighted to welcome Ripple customers to the 1st Energy Family.”

“It became immediately clear through our conversations with Ripple and their administrators that there was a shared ambition to protect and preserve the community-led structure Ripple pioneered.

“We are fully committed and have taken all necessary measures to ensure that all Ripple customers’ green energy journey will continue with minimal disruption.”

A spokesperson for 1st Energy added: “This move follows constructive discussions with the administrators, ensuring the continuity of services for Ripple’s valued customer base and continuing its mission to make clean energy ownership affordable and accessible for everyone in the UK.

“This strategic acquisition reinforces 1st Energy’s mission to deliver innovative approaches and cutting-edge tech to reduce energy costs and promote investment in green energy-efficient solutions to communities and business across the UK.

1st Energy has already opened communication with the relevant co-operative board members and energy supplier representatives to ensure a smooth transition and safeguard ongoing energy savings and services.

“While this is an evolving process involving multiple stakeholders, the company is dedicated to reaching timely agreements that serve the interests of all parties involved. The company’s immediate attention will be directed towards the Ripple Energy’s three active project sites - Graig Fatha Windfarm, Kirkhill Wind Farm, Derril Water Solar Farm”