Norbar Torque Tools Ltd has installed 250kW of solar PV with Low Carbon Hub at the Wildmere Road manufacturing site. The scheme will provide clean, green electricity for Norbar and support for local community energy projects.
On Friday 27th March, 2015 Catherine Rohll switched on Norbar’s new solar PV installation, saying, “we are delighted to be working with Low Carbon Hub to increase renewable energy production in Oxfordshire. This is a scheme which benefits Norbar, the local community and the environment and we hope that other businesses in Banbury will be inspired to follow suit and start installing solar panels on their roofs.”
The Norbar solar PV installation was Low Carbon Hub’s largest business project at the time and will generate over 200,000kWh per annum, the equivalent of the electricity needed to power 50 homes. It will also generate an income of up to £7000 per year to support the development of further community-owned renewable energy projects. And it will save 111 tonnes CO2 every year.
The solar panels were funded through our oversubscribed 2014 community share offer, giving staff and local residents the opportunity to own the installation. The funds from the electricity generated give a financial return to those who invested in the panels, as well as enabling future community-benefit projects.
Photos / map / Impact
- 250 kWp installed capacity
- 1000 Solar panels
- 206K Annual generation (kWh)
- 20 year agreement to host Low Carbon Hub solar PV project
- 12% of the electricity needs met on-site
- 29% discount to the site on solar electricity purchased
- ZERO cost to the school for the term of the project
- 1840 tonnes CO2 emissions to be saved over the project life
- £153K savings to the business electricity bills over the project life
We are delighted to be working with the Low Carbon Hub to increase renewable energy production in Oxfordshire. This is a scheme which benefits Norbar, the local community and the environment and we hope that other businesses in Banbury will be inspired to follow suit and start installing solar panels on their roofs
Catherine Rohll, Commercial Director
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Adriano FigueiredoOperations Director