Tom Singh powers into solar energy

Entrepreneur and retailer Tom Singh has purchased a stake in solar power developer and producer mO3 Power.

Singh, who is the founder of high street retailer New Look, will become a non-executive director of mO3 Power after buying into the company during its second investment round.

His stake in the company has not been disclosed but a statement says it is a ‘substantial investment’.

Tom Singh Family Trusts, which made the purchase on Singh’s behalf, have interests in a range of sectors including retail, real estate and renewable energy.

mO3 Power develops, builds, owns and operates a number of large-scale solar photovoltaic (PV) panel parks in the Midlands, southern England, East Anglia and south Wales.

mO3 Power chief executive Ken Moss says: ‘[Singh] has demonstrated a clear and deep understanding of the solar PV sector and the importance of increasing electricity generation from renewable resources.’