Construction BUSINESS

Kingspan and ESB in NI solar panel initiative

 Breaking News
  • Affordability and Uncertainty Push Irish Property Price Inflation Lower Irish house price inflation eased further to 2.0% in June from 2.6% in July. The annual increase in June is the slowest rise in six years (since the 1.0% increase of June 2013), according to the KBC Economics Desk. While there has been a marked slowdown in the annual rate of increase in Irish property prices, it should [...]...
  • Boston Scientific’s Galway Office in Building of the Year Awards Boston Scientific’s Galway office conversion has been shortlisted in the ‘Building of the Year’ Awards in the Commercial and Building Refurbishment categories. The ‘MOD 1 Building 2’ development involved renovating and re-purposing a large 1970’s industrial warehouse into a state-of-the-art, light filled and sustainable corporate office space. “We are delighted to be shortlisted for the Building [...]...
  • Construction Activity Rises at Weakest Pace in Almost Six Years At 51.4 in July, down from 53.1 in June, the Ulster Bank Construction Purchasing Managers’ Index® (PMI®) – a seasonally adjusted index designed to track changes in total construction activity – signalled a modest expansion of Irish construction activity. The rate of increase was the slowest in the current 71-month sequence of growth. Commenting on the [...]...
  • Dublin City Council Awards Energy Performance Contract to Upgrade its Sports Centres Dublin City Council continues to lead by example in energy management with the awarding of a new Energy Performance Contract (EPC) to Noel Lawler Green Energy Solutions. The contract will save the Council up to €129,000 on its energy costs per annum and reduce carbon emissions by 321 tonnes. The City Council, working closely with Codema [...]...
  • Increases in New Dwellings Still Short of Requirements Commenting on the latest CSO New Dwelling Completions for Quarter 2, 2019, IPAV, the Institute of Professional Auctioneers & Valuers, said the continuing and welcome increase in the number of new dwellings, up 11.8% on the same period last year, is likely to be one of the contributing factors to the steady slowing in house [...]...

Kingspan and ESB in NI solar panel initiative

Kingspan and ESB in NI solar panel initiative
May 12
16:36 2015

Kingspan and ESB unveiled on Tuesday a new joint venture in Northern Ireland that will offer local businesses the opportunity to get involved in a solar energy project that they claim could deliver energy savings of £320 million in the North over the next 25 years.
Kingspan ESB has launched a scheme that will give customers an option to sign up to a roof top photovoltaic (PV) energy product that the joint venture says will produce cheaper, renewable energy without the investment normally required in the capital outlay, installation or maintenance of a PV system.
Mel Courtney, general manager of Kingspan Energy believes the system could help Northern Ireland hit its renewable energy target of 40 per cent of electricity consumption from renewable sources by 2020.
“For some businesses the cost of electricity in Northern Ireland can be 25 per cent higher than their UK counterparts and energy costs are high on the radar for every business but this fully funded option can deliver a solution that could save the average business in Northern Ireland around 10 per cent of their electricity bill,” Mr Courtney said.
According to Kingspan ESB this could work out at savings of equivalent to £5,800 each year but business with bigger energy bills – those who for example use 8000MWh per year, could potentially see savings of £17,000 per year.
Cera Slevin, project manager with ESB, says businesses in the North will be able to fix a portion of their electricity cost over the lifetime of the funder solar energy project, which will run for 25 years.
“It gives businesses the ability to benefit from discount electricity prices and the potential savings increase year on year – for small users and large energy users.
“We know many businesses in Northern Ireland have their own sustainability targets and are keen to take advantage of green and renewable sources of energy and this combined roof and solar PV system will also help them to manage electricity costs,” she said.
The North’s new Enterprise Minister Jonathan Bell has welcomed the initiative.
Speaking in Belfast at his first business engagement since taking up the post yesterday the Minister said: “For many businesses, the costs of purchasing and installing renewables require substantial investment. That is why innovative initiatives such as Kingspan ESB’s Funded Solar are to be very much welcomed. This initiative demonstrates how two progressive companies can work together to develop a scheme which is not only profitable, but beneficial to wider business whilst at the same time contributing to our decarbonisation and renewable energy ambitions.”

About Author



Related Articles

Constrcution Summit

PROMO – Construction Summit 2016 – Sustaining the Momentum

Lean Construction Ireland – Enhancing Ireland’s Competitive Advantage

The Magazine – Construction Business

The Magazine – Construction Summit 2016

The Magazine – Construction Summit

Upcoming Events

  • No upcoming events
AEC v1.0.4

New Subscriber

Subscribe Here