Cables firm makes HSBC-backed investment

A global cables and accessories supplier has invested in renewable power generation allowing the business to acquire about 1,000 solar panels for its Doncaster site.

A global cables and accessories supplier has invested in renewable power generation following a six-figure green energy funding package from HSBC UK, allowing the business to acquire about 1,000 solar panels for its Doncaster site.

Eland Cables new panels produce as much electricity as the company consumes annually, with peaks and troughs "smoothed with the use of green tariffs" from the grid.

This enables the business to power equipment and charge its delivery fleet of electric vehicles exclusively from renewable energy sources.

Jean-Sébastien Pelland, deputy managing director at Eland Cables, said: "Ongoing support from HSBC UK allows us to fast-track some of our green initiatives.

"Investing in these solar panels, alongside a greener transport fleet and cable recycling facilities, is a vital step on our journey to Net Zero, as well as a visible statement of our commitment to being a sustainable organisation."

Charlie Hoborough, relationship director at HSBC UK, added: "This funding offers Eland Cables the ability to make important progress in its fight against climate change while simultaneously providing clean, renewable energy back into the National Grid.

"HSBC UK shares these ambitious climate change goals and will continue to support businesses that want to move to a more sustainable model."

Established in 1975, Eland Cables supports projects across industries, including railways, factory automation, electrical vehicles, renewable power generation and data centres.

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