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Solar financing: UK's biggest community-owned rooftop installation at UTC Aerospace Systems CTG

The 712 kW project is owned and developed by Oxford-based social enterprise Low Carbon Hub and was designed and installed by Solarcentury. Low Carbon Hub funded the upfront costs of the CTG project through a mix of loans and a community energy share offer.

Community benefit model

Tim Crisp, Business Manager at Low Carbon Hub said: “What made this project work in the context of massive solar subsidy cuts, was UTC Aerospace Systems CTG’s corporate goals for carbon reductions and their willingness to see the social and environmental value of our community benefit model.

Solar commited company

UTC Aerospace Systems’ goal is to be the greenest aerospace company in the world. CTG is one of UTC Aerospace System’s 126 manufacturing sites around the world. Their Singapore facilities installed solar panels in 2015, reducing emissions by 2000 metric tons of CO2 annually, the equivalent of 1 million kg of coal burned. John England, Site Director, UTC Aerospace Systems CTG said:  “Our business is at the forefront of aerospace innovation and technology. We’re working on next generation aircraft that will enable greener flight. What we do inside our factory is reflected in what we do outside. Using our roof space to generate clean energy whilst also helping the local community is a win-win for us all.”

Over a dozen other projects 

Other projects funded by Low Carbon Hub`s share offer include a 636 kW solar project with Prodrive (also in Banbury), a 440 kW community-owned hydro project at Sandford on Thames, and 12 solar PV projects on Oxfordshire schools. (HCN)

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http://www.pveurope.eu/News/Markets-Money/British-retailer-M-S-partners-with-non-for-profit-Energy4All-to-crowdfund-solar-panels-on-its-stores

http://www.pveurope.eu/News/Markets-Money/UK-and-Ireland-market-outlook-Smart-Solar-UK-and-ROI-conference-November-24-in-Watford

http://www.pveurope.eu/News/Energy-Storage/UK-STA-applauds-government-and-grid-regulator-for-their-commitment-to-smarter-energy

https://www.pveurope.eu/solar-modules/initiative-accelerate-scaling-100-percent-renewable-energy-solutions-focus-solar