The Mark Group, the residential and commercial installer that entered administration yesterday after SunEdison sold it back to its management team, is to repurpose itself in the energy efficiency market when it emerges from administration proceedings.
A statement issued by the company yesterday said that the “regrettable” decision to enter administration had only been taken as a last resort, and that the government’s policy upheaval had meant its “turnaround plan” to focus on solar PV was “no longer viable”.
Instead the company now intends to refocus the business on other energy saving technologies, believing there to be an opportunity in the market for the Mark Group to continue to operate.
“Mark Group is now in the hands of administrators who are working to secure an urgent sale of the ongoing business. Prospective purchasers are encouraged to get in contact as soon as possible,” the statement read.
A number of installers are believed to be investigating the same move with the government seemingly still keen on a wider deployment of energy efficient technologies such as smart meters and increased insulation.
Energy secretary Amber Rudd has continually backed the smart meter rollout campaign ahead of them being accepted as standard country-wide by 2020. While there will not be a legal obligation to own them, energy companies will be required to install them and “take all reasonable steps” to reach every UK household.
