Good Energy considers takeover offer from Dubai’s Esyasoft while expanding solar capabilities

Chippenham-based renewable energy specialist Good Energy has received an “unsolicited” takeover approach from Dubai-based technology group Esyasoft.

Known for its expertise in smart utility solutions and software, Esyasoft’s proposal is being reviewed by Good Energy’s board, although no specifics of the indicative terms have been disclosed. The Dubai company has until 25 November to confirm its intention to move forward with the acquisition.

Good Energy’s share price reflected the market interest, surging by 30% when trading opened, reaching a year-high valuation before stabilising around £63 million. Although the company’s market cap had fallen to £50 million from £70 million at the start of the year, the recent jump underscores the renewed investor interest following Esyasoft’s approach.

In addition to the takeover news, Good Energy announced its acquisition of solar installation company Empower Energy in a transaction valued up to £8 million. The deal involves an initial cash payment of £6.25 million and £0.75 million in shares, with an additional £1 million in cash potentially payable in early 2026. This acquisition follows closely after Good Energy’s recent purchase of Lincolnshire-based Amelio and reflects the company’s strategic push to expand its solar installation services across the UK.

Nigel Pocklington, Good Energy’s chief executive, commented on the company’s growth trajectory, saying, “Good Energy is already providing high-quality, consultative commercial solar installation services to customers in the South, and through Empower joining the group we are stepping this up further.” He emphasised that Empower is Good Energy’s fourth solar-related acquisition in the past 18 months and the second within just weeks, allowing the company to rapidly scale its reach and capabilities in the solar sector.

Good Energy’s recent acquisitions, including Empower and Amelio, represent significant steps in its solar installation strategy. The company is building a comprehensive network to serve both residential and commercial solar needs, particularly across the South of England. This growing portfolio positions Good Energy as a more diversified renewable energy provider, extending beyond its traditional renewable electricity supply into hands-on solar infrastructure development.

As the UK continues its transition to renewable energy, Good Energy’s acquisitions reflect an increasing focus on sustainable infrastructure and localised energy solutions. The dual announcement of a potential takeover and expansion in solar capabilities positions Good Energy to further strengthen its market position in the renewable energy landscape.

The coming weeks may reveal further details regarding Esyasoft’s potential acquisition, while Good Energy’s recent moves in the solar sector signal its commitment to becoming a major player in the UK’s decarbonisation efforts.