Centrica Business Solutions has completed a long-term solar power purchase agreement (PPA) with aerospace defence designer and manufacturer, Moog Inc.
The solar array will accelerate the decarbonisation of its aerospace manufacturing site in Wolverhampton and help the business achieve its net zero goals.
The agreement sees Centrica lease roof space from Moog Inc. to install a 2,200 solar panel array capable of generating circa 1MW. The energy company will finance the project and have agreed on a Power Purchase Agreement (PPA) with Moog Inc. for the renewable electricity generated on site.
Construction is set to complete in the spring and the panels will provide Moog Inc. with 800 MWh of renewable, reliable energy every year for the next 25 years – around 10 per cent of the site’s existing electricity requirements.
This gives Moog Inc. price certainty and access to green electricity without any upfront costs, and it will reduce operational CO2 emissions by 175 tonnes every year.
Working with Centrica has enabled us to implement a solution that makes sense from both a carbon reduction and a finance perspective. It’s the first retrofit on an existing manufacturing plant of a solar array for Moog Inc. and we’re looking forward to implementing similar projects around the world to achieve our carbon reduction ambitions. Hamish Ferguson ,vice president, director of sustainability and ESG at Moog Inc.
Dr Jean-Yves Cherruault, head of net zero pathways at Centrica Business Solutions, said: “The project with Moog Inc. represents the construction of one of our biggest roof top solar arrays to date as we work to help the business move towards Net Zero.
“To be able to finance deals like this with no up-front costs is an incredibly attractive package for many businesses. It allows them to become energy-independent, more resilient and ultimately play their part in achieving the UK’s sustainability goals.”
Hamish Ferguson, vice president, director of sustainability and ESG at Moog Inc., said: “Working with Centrica has enabled us to implement a solution that makes sense from both a carbon reduction and a finance perspective. It’s the first retrofit on an existing manufacturing plant of a solar array for Moog Inc. and we’re looking forward to implementing similar projects around the world to achieve our carbon reduction ambitions.
“Our net zero goals are central to our growth strategy, and once construction is complete it will be great to know that a significant proportion of our future energy use will be both zero carbon and affordable.”
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