Kingspan Insulation and energy firm ESB have announced a joint venture (JV) to deliver funded rooftop solar PV systems.

Kingspan, located in Castleblayney, is using its roof space to generate renewable electricity resulting in savings for the business without any upfront capital costs. The 300kW solar photovoltaic (PV) system, consisting of 1,200 panels, becomes the largest solar PV project in the Republic of Ireland. It is expected that the system will save over 3,500 tons of CO2 over its project life.

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In the Funded Solar model, a business pays for the energy it consumes from the Solar PV system and not the capital cost of the system itself. It was part-funded by the Sustainable Energy Authority of Ireland (SEAI) as an innovative demonstration project with a unique financing structure and a bespoke performance monitoring system.

Fergus Sharkey, General Manager at Kingspan ESB, said: "The installation of the country's largest solar PV system at Kingspan Insulation in Castleblayney is a significant milestone for renewable energy. Almost 100 percent of the energy generated by the solar PV system will be used directly on site by Kingspan Insulation helping them control their energy costs and reduce CO2 contribution."

(CD/LM)