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Primark (Thunderbird), Thrapston – Syzygy Renewables Ltd

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Primark (Thunderbird), Thrapston.

Summary

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Year of Construction

2015

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System Size

450kWp

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Generation

380,000kWh

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Client

LondonMetric

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Commercialisation Strategy

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Sector

Retail

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Location

Thrapston, Northamptonshire

PROJECT INFORMATION

  • Solar PV required to satisfy planning obligation
  • Syzygy engaged to check project met obligations, to beef up the specification and to advise on commercialising
  • Supplying occupier (DSG)
  • Installation was considered a ‘dead cost’ within base build spec

COMMERCIALISATION APPROACH

  • Syzygy registered for Feed-in Tariffs
  • Advised on agreeing a mutually beneficial agreement with Primark for them to purchase the energy (at a discount)

PROJECT COMMENTARY

  • Enabled the realisation of c.£30,000 (net of costs) per annum from installation (original assumption was dead cost)
  • Syzygy provided the lease variation template to enable the agreement to documented
  • Worked with valuers to recognise the income streams

Syzygy Involvement

  • Feasibility
  • Occupier negotiations
  • Specification
  • Tender / Procurement
  • Ongoing Operation
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