Case Study – Piper’s Close, Launceston
Commercial Solar PV.
♦ Yr 1 total earnings from FiT for Client – £30,000
♦ Annual PPA for Client – £13,500
♦ Total annual benefit for Client – £43,500
♦ Lifetime benefit (20 years) for Client – £870,000
♦ Plus annual electricity saving for Tenant – £13,500
♦ Lifetime benefit (20 years) for Tenant – £270,000
Dartmeet Developments is a Devon Based property developer and the highly successful offshoot of Dartmeet Services Ltd (DSL). DSL is a specialist engineering and fabrication company experienced in manyindustrial sectors. They undertake fabrication in ferrous and non-ferrous metals at their 4,500 sq. ft facility.
DSL customers are both industrial and domestic and they have carried out a wide variety of manufacturing for their clients over many years. This has included portal structures, platforms, walkways, process pipework, and guarding systems.
In most applications, DSL’s package includes bespoke design, manufacture and installation and they work in partnership with a broad range of structural engineers, offering a wealth of experience and technical knowledge.
They also build a wide range of properties, spanning domestic dwellings through to large facilities and warehouses.
DSL was asked to build a new 30,000ft2 commercial unit for a world leading pipe and fittings manufacturer. DSL already rented a nearby 9,000ft2 unit to this client, and let another 4,500ft2 unit to a different tenant in the same development.
In order to meet Planning Permission and SBEM requirements for the new 30,000ft2 building, IU energy was approached to design and fit a large array of Solar PV panels and to include in the project similar work on the other 9,000ft2, and 4,500ft2 units.
Additionally, we were asked to consult on registering the project for Feed-in-Tariff and applying for and securing PPA, where the owner of the SSEG system arranges for the design, permits, financing and installation of a solar energy system on a tenant or customer’s property at little to no cost to the end user.
The SSEG owner sells the power generated to the host customer at a fixed rate which is typically lower than the local utility provider’s retail rate.
After a detailed site survey, IU Energy designed and installed three tailored arrays –
♦ 150kW PV system on the new 30,000ft2 unit
♦ 100kW PV system on the 9,000ft2 unit
♦ 50kW PV on the 4,500ft2 unit
All systems were East/West split, with a combined expected annual generation of 269,100 kWh.
The benefits are three-fold and long-lasting, with our client benefiting from FiT and PPA and the tenant benefiting from reduced energy costs.
♦ Yr 1 earnings from FIT (£)† £30,000
♦ Annual PPA £13,500
♦ Annual benefit for Client £43,500
♦ Lifetime benefit for Client (20 years) £870,000
♦ Annual saving on electricity bill for Tenant £13,500
♦ Lifetime benefit for Tenant (20 years) £270,000
† FIT payments are linked to the Retail Price Index (RPI), so earnings will rise to keep pace with inflation.
The overall figure represents a payback of 4.5 years and a 17% ROI.
“We are very impressed. Not only was this extensive project delivered without drama, it’s already delivering the £45,000 a year for 20 years as promised.”
Carl Payne, Director, Dartmeet Developments.
You can download a PDF version of this case study here – Piper’s Close Case Study
TALK TO US ABOUT YOUR ENERGY CHALLENGES NOW – REMINDER – THE FEED-IN-TARIFF ENDS ON MARCH 31ST 2019 AND YOU MUST BE INSTALLED AND REGISTERED BEFORE THIS DATE AS YOU WILL LOSE OUT. LEAD TIMES ON SOLAR PANELS ARE MOVING OUT WITH DEMAND, SO PLEASE ACT NOW IF TO WANT TO BENEFIT FROM THESE 20 YEAR BENEFITS.