EUROPEAN RENEWABLE ENERGY COMPANY SETS UP SHOP IN COVENTRY

A European company that delivers renewable energy projects across the continent has launched a UK office in Coventry.

TEP Renewables was established in January as an offshoot of an existing business. It has contracts signed for massive projects across Europe including Cyprus, Greece and Italy, totalling more than 300 megawatts of renewable power generation.

The company has opened an office at the University of Warwick Science Park’s Business Innovation Centre and plans to recruit around a dozen engineers before next year.

The office will serve the UK market and act as a springboard to North and South America.

Leonardo Montesi, chairman and CEO, said the Business Innovation Centre and Coventry was the perfect base for TEP

Renewable’s UK office. “We work with some of the continent’s biggest energy companies by bringing forward sites for renewable energy.

“The only element we don’t deliver is the production of energy – that is done by a partner organisation, which will have bought the plant or is working in partnership with us to develop one.

“Basically, we know our exit before we begin work on a project.

“Coventry is at the heart of new technologies and innovation so it made sense to invest here, especially as the University of Warwick Science Park has a history of helping technology companies succeed.

“This gives us a huge advantage in terms of recruitment and also in working with the university on research.”