Sun shines on new venture.
AAG Swepco (Solar, Wind, Electricity Power Company) was launched in Stockton last year to promote and install solar and wind-powered energy systems, and is now on the verge of clinching a number of contracts.
AAG Swepco grew out of AAG Electrical, which specialised in electrical installations for water and waste water treatments and was started by colleagues Mohamed Akhmed and Stephen Gilpin, who both worked for a local electrical contractor.
"We saw renewable energy and energy management as an untapped market and decided to set up a specialist company," said Mr Akhmed. "We are quickly picking up business across the board - from private to corporate customers.
"A 2kw solar system can generate enough power to feed a home with up to 50pc of its needs whereas an average home has an 8-10kw system, so there is a fair saving from an energy point of view. But the biggest benefit is that renewable energy is that it is free of chlorofluorocarbons (CFC)."
New regulations due to come into force next year should also help the company to expand.
"Anyone connected with new-build development will have to install an element of renewable energy into the development," said Mr Akhmed.
AAG Electrical was established to fill a void in the electrical contracting industry and has expanded to take on board maintenance, fire and gas detection, security and CCTV installations, with clients from the North of Scotland to the southern tip of England.
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|Title Annotation:||Business Weekly|
|Publication:||Evening Gazette (Middlesbrough, England)|
|Date:||Sep 1, 2004|
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