Britannia Premier Self Storage, a facility in Burton-on-Trent, England, United Kingdom, is in the process of expanding its facility and adding 50-kilowatt solar panels, about a £1 million (about $1.6 million) total investment. The solar conversion and new storage building are supposed to be complete by mid-June.
Due to the credit crunch in the U.K., the facility owners were not able to secure bank financing, so they invested their own assets. They expect a £20,000 (about $32,300) payout in the first year from the electricity created from the panels that is re-circulated into the power grid. They also received a public subsidy but had to meet government-set cutoff date to begin the project.
Due to the continued success of the storage business, despite the current economic climate in general, it was an easy decision for the directors to make. Martyn Jones, managing director, told the source.
Britannia Premier offers item removal and shipping in addition to storage. The facility is currently a standalone operation.
Sources:
- Burton Mail: Storage Firm Hopes to Harness Green Reward