ParkerSteel Building A 1.8MW Solar Installation At Their Shoreham Plant
- Published: Thursday, 24 September 2015 11:59
John Parker & Son Ltd (trading as ParkerTools and ParkerSteel) is to generate its own renewable electricity thanks to a 1.8 MWp solar array to be installed on the roof of its steel processing plant in Shoreham, Brighton.
The steel specialist uses the 17.5 acre site to process structural steel stock arriving on ships from Europe. The steel is then automatically cut, drilled and part marked to specification before being sand-blasted clean and painted - all in a matter of minutes.
The solar installation was designed and will be built and managed by the Anglo-Belgian solar company, PerPetum Energy. The solar installation was supplied at no cost to ParkerSteel. Instead the system is to be owned and operated by Larimin Ltd, a company backed by Guinness Asset Management Ltd’s EIS Service, who will sell the electricity generated to ParkerSteel under a power purchase agreement (PPA).
It is predicted that the 1.8 MWp array is capable of generating enough energy to power the equivalent of 385 local homes annually. In addition, the operation of the solar scheme will negate the emission of around 70 tonnes of CO2 every year.
Guy Parker, Managing Director of ParkerSteel commented, “At Parkers, we strive to continually push boundaries and innovate. Our Shoreham plant is already one of the largest and most efficient steel processing facilities in Europe, its dockside location, design and processing automation minimises any movement of the steel.
Taking the next step into renewable energy further highlights our commitment to the environment by significantly decreasing our carbon footprint”.
Anthony Middleton, UK CEO of PerPetum says “The location of the Shoreham plant on the South coast is fantastic for solar. When you take a look at the high-tech cranes and cutting equipment, all of which use electricity, it’s easy to see why Parker Steel have opted for a solar solution”.
Malcolm King, Investment Manager at Guinness Asset Management, reported: “We are pleased to be investing into the ParkerSteel commercial rooftop solar installation that will be built by EPC partner PerPetum and enable leading steel specialist ParkerSteel to reduce their carbon footprint.”