Mark Lammey for EnergyVoice: A major bank’s decision to throw its weight behind a floating solar power scheme shows the sector is rich with commercial potential, bosses at engineering consultancy OST Energy said.
OST acted as technical adviser for Royal Bank of Scotland (RBS) during the early stages of the project to bring Europe’s largest floating photovoltaic solar project to financial close earlier this year.
The 6.3 Megawatt peak (MWp) array, installed by Lightsource Renewable Energy, is the first project of its kind to secure European bank financing.
It now provides a source of clean energy to water utilities company, Thames Water, on the Queen Elizabeth II reservoir west of London.
Thames Water will buy all energy generated by the project as part of a power purchase agreement (PPA) with Lightsource. Cont'd...
By Emily Gosden, Energy Editor for Telegraph UK: Water giant United Utilities is to install Europe’s biggest floating solar power system on a reservoir near Manchester, as it seeks to capitalise on the novel technology to cut its energy costs.
The 12,000 panel, £3.5m development will be only the second of its kind in Britain, dwarfing an 800-panel pilot in Berkshire last year, and will be the second biggest in the world after a scheme in Japan.
Installation of the panels is due to begin on Monday at the Godley reservoir in Greater Manchester, where it will provide a third of the power for a water treatment works.
The system is scheduled to be completed before Christmas, in order to qualify for subsidies before they are due to be drastically cut in the new year. Cont'd...
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