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ThermoFisher reduce energy costs by 15% via PPA
Custodian Capital, a commercial property asset manager, were able to secure a forecasted £4,792,281 in lifetime savings and reduce the energy costs of their tenant, ThermoFisher, by 15%.
Hear it from
Custodian Capital
themselves
We spoke with the client about their experience with Sustain Commercial Solar.
Key points:
Custodian Capital have now completed five projects with Sustain Commercial Solar.
ThermoFisher, the tenant, is now saving 15% on their energy costs via the PPA.
This project is unique as a private wire has been used to power two buildings from one system.
Financial savings and earnings
Lifetime energy savings
British Pounds Sterling (£)
System cost
British Pounds Sterling (£)
Estimated ROI
Years
Average savings per week
British Pounds Sterling (£)
Average savings per month
British Pounds Sterling (£)
Average savings per year
British Pounds Sterling (£)
Energy production and grid reliance
Annual energy generation
kWh
Specific yield
kWh / kWp
Self sufficiency
Proportion of energy from the grid
Energy production and grid reliance
Equivalent trees planted
Trees
Lifetime carbon offset
kg of carbon offset
Average carbon offset weekly
kg of carbon offset
Average carbon offset monthly
kg of carbon offset
Average carbon offset yearly
kg of carbon offset
Javed Sattar
Portfolio Manager
Significant Cost Reduction
The installation will reduce ThermoFisher’s energy costs by 15% through a Power Purchase Agreement (PPA) facilitated by Custodian Capital. Custodian Capital, who owns the property within which ThermoFisher operates, funded the system. This substantial reduction is a testament to the efficiency and effectiveness of the solar PV system designed and installed by Sustain Commercial Solar.
Energy Generation and Usage
The system is designed to meet a significant portion of the facility's annual energy demand, generating approximately 671,683 kWh in the first year. Despite an expected slight annual degradation, the system will continue to provide substantial energy savings and environmental benefits throughout its lifetime.
Financial Savings
In the first year alone, Custodian Capital are expected to save £155,389. Over the system's lifetime, the cumulative savings are projected to reach an impressive £4,792,281. This financial benefit is coupled with an anticipated return on investment, including maintenance and operational costs, within approximately 3.97 years.
Environmental Impact
This project contributes significantly to reducing the carbon footprint and ESG credentials of both Custodian Capital andThermoFisher, supporting their sustainability goals and demonstrating a commitment to renewable energy. By utilising solar power, the two businesses set a precedent for environmental stewardship in the commercial sector.
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Financial model used
This client opted for
PPA
as their financial vehicle.
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Our team
100+ years combined experience in solar and over 50,000 installations completed.
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