Nova Appoints Industry Leading Chair
Nova Innovation welcomes the appointment of Guy Madgwick as their new Chair. Guy joined the business in December bringing with him four decades of industry experience and a proven track record of driving transformation and high growth in energy companies. With gigawatts of capacity under his belt, Guy takes over as Chair from Sir Michael Fallon, who has served on the Nova Board for five years. Sir Michael will continue working with Nova, focussing on strategic overseas projects.
“It is a pleasure to work with Nova Innovation to progress their ambitious business model. The UK market has many challenges ahead of it and it will need serious innovators such as Nova to evolve yesterday’s models into a profitable and sustainable business for the future and to secure the investment necessary”
Guy began his career as a geologist in the oil and gas industry before transitioning into the power sector in the 1990s. For the past 20 years he has championed renewable energy development and sustainability in senior leadership roles with several companies including RWE/npower, ENECO, Senvion, Red Rock Power and Bluefield.
He is a recognised leader in the offshore wind industry, involved in the development of the UK’s initial offshore wind farms. While working for the Dutch energy firm, ENECO, he was responsible for developing over 200MW across six large wind farms in Scotland. Guy was also the CEO of Red Rock Power where he played a key role in progressing the company’s stake in the Beatrice (588 MW) development and securing the initial CfD contract for Inch Cape (1,100 MW). More recently, Guy served as the interim COO of Bluefield Services where he was focussed on optimising the performance of Bluefield’s 750 MW solar portfolio on behalf of Bluefield LLP.
“Guy’s career has been marked by his ability to lead and drive business growth. He brings extensive experience with a proven track record in renewables. His strategic insight will be invaluable as we scale up floating solar in the UK and beyond. The team and I would like to thank Sir Michael for his leadership, stewardship and mentorship over the past five years. Likewise, the whole team are delighted to welcome Guy to the Board and look forward to working together in the years to come”
The appointment comes at a time of growing momentum in floating solar with over 55 MW of capacity gaining consent in 2025. AquaGen365, Nova’s joint venture with RSK, provides a ‘one stop shop’ solution from initial feasibility, through design, securing consents, installation and operation. With the UK government announcing the ambition to deliver 75,000 MW in the Solar Roadmap, there is a huge growth potential for floating solar alongside ground-mounted and rooftop solar.