Tuesday 11 February 2020

Kärcher HQ gets solar upgrade through innovative PPA

Kärcher has upgraded its Banbury HQ with 967 solar panels, able to generate 44% of its energy needs.

The cleaning technology firm says the move will allow it to slash its emissions footprint, cut its energy bills and reduce its reliance on the grid over the next 25 years.

Clean energy asset manager Zestec and financing partner NextEnergy Solar Fund (NESF) employed an innovative Power Purchase Agreement (PPA) model to allow Kärcher to benefit from the new infrastructure immediately without having to provide any capital outlay.

Mark Venner, Chief Operating Officer for Kärcher UK said: "We always had solar in mind for our new headquarters in Banbury and the PPA model ticked two important boxes for us.

"Firstly, it puts responsibility for the installation and long-term maintenance in the hands of the experts, so we do not need to become experts in solar photovoltaic technology ourselves. Secondly, our capital is better deployed in additional warehouse stock than in a solar photovoltaic system; this funded model allows us to do both."