7 October 2015
PRODRIVE SET TO INSTALL THE UK'S LARGEST COMMUNITY-OWNED SOLAR PANEL POWER STATION
Prodrive and the Low Carbon Hub will develop a community-owned rooftop solar PV installation on Prodrive’s Banbury headquarters in early 2016. The project will be fully funded by the Low Carbon Hub – an Oxfordshire-wide social enterprise – and will generate green electricity for Prodrive and deliver an annual financial benefit of approximately £20,000 to low carbon community projects in the local area.
David Richards, chairman of Prodrive, said: “Renewable energy is vital for all our futures. Our new headquarters by the M40 has a large south facing roof and it made absolute sense to use it to generate clean electricity for us and to help fund similar renewable energy projects in our local community.”
The project will generate 636 kW of renewable electricity when operational, the equivalent of providing electricity for more than 150 houses, which will be used to help power Prodrive’s headquarters. Surplus income from the project will fund community energy projects, such as insulating homes to make them more energy efficient, and providing Solar PV for schools where the projects would not otherwise be financially viable.
When completed, it is likely to be the largest community owned rooftop solar PV installation in the country.
Dr Barbara Hammond, CEO of the Low Carbon Hub said: “It’s great to partner with forward-thinking businesses like Prodrive. If all the tenants in the Central One Business Park were to follow Prodrive’s lead on community energy partnerships, we could generate enough green energy to power the equivalent of 700 households. The social, economic and environmental impact for Oxfordshire would be significant.”
It will become more common for businesses to supply their own energy by 2020, according to research. A survey by Vlerick Business School’s Energy Centre, in partnership with KPMG, found more than a third of energy executives in Europe believe it will be a common occurrence for customers to go off grid by 2020.
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