Shawton Energy Joins Up With The Co-Op For Rooftop Solar
The title of this post, is the same as that of this article on Solar Power Portal.
These two paragraphs describe the agreement.
Renewable technology developer Shawton Energy has signed an agreement with the Co-Op group to help support the retail giant’s rollout of rooftop solar PV.
Working with Sol PV as a delivery partner, Shawton Energy will design, develop, fund, and manage rooftop solar PV systems at key Co-op locations using a power purchase agreement (PPA) model. This allows Co-op to make significant energy and cost savings without having to put forward any upfront investment. Co-op will now purchase the power from Shawton Energy at a flat, discounted rate. While this rollout currently only covers some of the Co-Op’s over 2,500 retail locations, there remains potential for expanding this partnership in the future.
This looks to me to be a deal, where all parties benefit.
- Co-op have thousands of locations, that could have solar roofs, which would be good green publicity.
- I suspect that the Co-op own a lot of their properties, so the collateral is there, if the deal goes wrong.
- I suspect many buildings are very similar, so design and installation costs could be reduced.
- Co-op get reduced-cost electricity.
- Shawton Energy can add other technologies like batteries and rooftop turbines to the deal.
From my experience of both sides of the leasing of multiple systems, I believe, that this would be the sort of deal, that reputable banks and finance houses would be very happy to fund.
It looks like the sort of deal that can be replicated.
Especially, as Shawton Energy have already done a deal with the Bannatyne Group, according to these two paragraphs from the article.
This is not the first significant deal with a well-known British chain that Shawton Energy has agreed this year. The company announced in March of this year that it had made an agreement with health and wellness club operator the Bannatyne Group, which has installed solar panels on the rooftops of a number of its health clubs, hotels and spas under a similar PPA agreement to that Shawton Energy has made with the Co-Op.
According to the Bannatyne Group, the installations, which consist of 967 panels and 11 inverters across eight sites around the UK, have already provided significant energy savings to the group. Since their completion, each of the eight sites has reportedly secured energy savings of up to 25%.
Savings of 25 % are worth having.
The Anonymous Widower 