CBD ENERGY SUBSIDIARY ‘ECO-KINETICS (UK) LTD’ COMPLETES SOLAR SUPPLY AND INSTALLATION CONTRACT FOR WADE INTERNATIONAL.
Global energy firm CBD Energy Limited (‘CBD’), which has its heritage in the Australian solar industry, is pleased to announce the completion of an EPC (Engineering, Procurement and Construction) contract for Wade International Ltd (http://www.wade.eu/). At £236,000 ($392,000) the contract represents the largest rooftop project completed to date by eco-Kinetics (UK) Ltd, which is a wholly-owned subsidiary of the CBD Group.
The project – one of the largest rooftop installations in the South-East of England – was commissioned on 26 June 2013, and took a team of five engineers approximately five weeks to construct. The roof mounted PV array, which comprises more than one thousand solar modules, is a 250kWp system, and will supply approximately 25-30% of the Essex-based firm’s electricity requirements, helping to reduce Wade’s exposure to fluctuating energy prices.
Operational cost savings
Commenting on the project, Gerry McGowan, Executive Chairman and Managing Director at CBD Energy Limited said, “This project is consistent with CBD’s strategy of establishing itself as an originator, developer and constructor of renewable energy projects in Australia and internationally”.
Good for the environment
The solar array will produce approximately 230,000kWh’s of green energy each year, enough to power 66 UK homes, and will abate more than 96 tonnes of greenhouse gases per annum. Any power generated which is not used by Wade at the time of generation will be sold to ‘npower’ under a fixed PPA agreement.
Renewable energy target
James Carpenter, Technical Adviser, and Manager of CBD’s UK business said, “The renewable energy delivered from the project will make a significant contribution in reducing the client’s electricity costs and carbon footprint – and it represents another important step in achieving the UK Government’s target of delivering 20% of its energy from renewable sources by the year 2020. “
CBD ENERGY SUBSIDIARY ‘ECO-KINETICS (UK) LTD’ COMPLETES SOLAR../2
For further information on the project, visit:
CBD Energy Limited, through ‘Secured Energy Bonds plc’ (‘SEB’) – another wholly-owned subsidiary company of CBD – is presently marketing ‘Energy Bonds’, the UK Energy sector’s first secured ‘mini-bond’.
‘Energy Bonds’ will pay interest at a highly attractive rate of 6.5% gross per annum, on a quarterly basis, with minimum investment starting at £2,000 (no maximum). The three-year bond, which is looking to raise £7.5m, will fund the design, development, installation and management of UK rooftop and brownfield solar projects. Energy Bonds won’t be covering farm land with panels or erecting wind turbines. A full raise of £7.5m will allow SEB to fund in the region of 40 solar installations.
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