December 8 2013 Latest news:
Shaun Lowthorpe, Business editor
Thursday, October 10, 2013
Bosses at Busseys have hailed a six-figure investment in solar panel technology adding that is has fuelled a drive to be the greenest car dealership in the county.
The EDP Top 100 firm began feasibility discussions with Norwich-based Renewable Technologies last year, shortly after the government changed the Feed-In Tariff Scheme to more sustainable levels.
Under the scheme, payments are made for every unit of electricity generated from carbon-free technologies.
In addition, savings on electrical costs are made for each of those units that are consumed by the user, and a guaranteed figure is set for solar-power generators to sell the surplus electricity to the National Grid, effectively safeguarding investments from market price fluctuations and guaranteeing an attractive rate of return over a fixed period.
The Norfolk Ford and Peugeot main dealers installed panels at selected sites at Fakenham, Dereham, Attleborough, and at Hall Road in Norwich which are expected to generate combined carbon savings of 1.1 million kg over the 25-year life of the scheme – equal to the carbon emissions generated from 3.2 million miles in a family car.
Paul Bussey, marketing director at Busseys, said: “Busseys have been actively mitigating their carbon useage for several years now, notably by planting a tree for every car we sell; installing PV on 4 of our facilities is another step in this journey. This investment will offset 128,000 miles of motoring each and every year.
“Busseys has always embraced change and innovation and as such continues to look at other environmental initiatives on an ongoing basis in our drive to be the greenest dealership group in Norfolk.”
Duncan Holmes, director of Renewable Technologies, said solar technology was cost effective. “Organisations still have a real chance to make very good returns on their investments – in the region of 14-16pc per annum, by going down the solar PV route.,” he said.
“It’s also one of the most visible indications of a company’s commitment to efficient energy-saving – particularly when the panels are bathed in the amount of sunlight they’ve been absorbing recently.”
Great Yarmouth MP Brandon Lewis has hailed the town’s growing significance as an energy hub after the arrival of a new offshore business bringing the promise of 100 jobs over the next three years.