- Luxembourg-headquartered Indian steel manufacturer ArcelorMittal has announced completion of a megawatt-sized rooftop PV system at its factory in Ghent, in the Belgian region of Flanders.
- The steelmaker said the €7.5 million rooftop array, which features 27,104 solar panels from an undisclosed manufacturer and is able to generate 10 GWh per year, is the largest in Belgium.
- More than 5,000 employees are also given the opportunity to co-invest in the solar panels and benefit from the revenues through a crowdfunding scheme.
The installation will operate along with 14 wind turbines at the site for a total clean energy generation capacity of around 50 MW. The energy used will power manufacturing, said ArcelorMittal.
The mounting systems used for the PV project were made with the steelmaker’s Magnelis product, which the manufacturer claims is particularly adapted for large scale solar project structures.
Crowdfunding
Dutch energy provider Eneco, which installed the rooftop system, said the installation was the second project it had carried out that had been supported by crowdfunding. ArcelorMittal Belgium’s 5,800 employees were offered the chance to invest €250-1,000 in the project for a guaranteed gross return of 4%. “If you, for example, lend €500 you will earn an extra €20 euros a year,” said Iwein Goigne, CEO of Eneco Solar Belgium. “In six years’ time the employee earns €120. After the term, she or he will recover the original investment of €500 as well.”
Author: Emiliano Bellini
This article was originally published in pv magazine and is republished with permission.
