Amber worked with Marks and Spencer to install the UK’s largest roof-mounted solar photovoltaic (‘PV’) array on its East Midlands distribution centre in Castle Donington.
Sector
Sustainable Energy
Status
Divested
Location
Castle Donington, England
Ownership
100%
Financial close
2014
Concession term
20 years
THE BACKGROUND
It is a 24,272 PV panel installation and will lower M&S’s carbon footprint by 48,000 tonnes over 20 years. The solar PV system spans the site’s 900,000 sq ft roof and in its first year of operation exceeded generation targets of 5,000 MWh of electricity - enough to power 1,190 houses.
Amber committed £6.1 million to fund the project and worked closely with M&S and the building landlord.
Amber completed the successful divestment of this project in June 2022.
Project highlights include:
- Opportunity for improved rental yield and letting ability for the building owner
- Energy bill savings and carbon reduction credits for the tenant
- 20-year Power Purchase Agreement with M&S to purchase all the electricity generated by the solar PV system
- 20-year revenue from Renewable Obligation Certificates (ROC) for the clean energy produced.
SDGs Supported
Facts
Project capital cost
£6.1m
Total floor space
900,000ft2
Renewable energy generated
5,000 MWh