JAGUAR is facing a High Court battle over its #415,000 XJ220 supercar
after some buyers have refused to pay the latest #50,000 instalments now
falling due, having seen the 212mph vehicle's value plummet with the
collapse of the supercar market.
The car's maker, JaguarSport -- a joint Jaguar-TWR venture -- has
already issued writs against a number of buyers for non-payment but at
least one customer is planning to challenge the order in the High Court.
Jaguar first offered the car for sale in December 1989 to buyers
willing to put down a #50,000 deposit plus VAT and to wait two years for
delivery.
At the time the market in supercars was booming and the limited
edition of 350 vehicles was more than four times over-subscribed by 1500
applicants.
However, with the onset of recession the market fell away and ''as
many as a couple of dozen'' buyers, according to Jaguar, have failed to
make the second #50,000 payment.
''We tried very hard to make sure the 350 chosen were all genuine
enthusiasts who wanted the car but unfortunately there were a number of
speculators involved who just wanted to make a quick profit,'' said
Jaguar's director of public affairs David Boole.
The case is expected to come before a Judge in the next few weeks.
POWER generated from sea currents round the coast of Britain could
open up huge sources of renewable energy supplies, according to a new
report commissioned by the Government.
Tidal stream energy could supply almost one-fifth of the UK's
electricity needs, the report suggests.
It identifies the Pentland Firth, the narrow straits between the
mainland and Orkney where tidal currents can run up to 12mph, as a major
potential energy source, as well as various sites round the Channel
Islands.
The #50,000 report, commissioned by the Department of Trade and
Industry was carried out as part of the renewable energy research and
development programme by a group of consultants led by a subsiduary of
UK civil engineering contractors Balfour Beatty.
The Pentland Firth alone has the potential to supply three times as
much electricity as is generated by hydro-electric power stations in the
Highlands, at present Britain's biggest source of renewable energy, with
1000mw of installed capacity.
Other areas with significant potential include the Bristol Channel and
parts of the North Channel between Scotland and Ireland, together with
smaller sites off Portland Bill in Dorset and others off Scotland's west
coast.
The authors of the Tidal Stream Energy Review eschew massive barrages,
and opt instead for adaptations of proven technology, mainly derived
from offshore engineering and existing wind-power expertise.
They envisage arrays of ''tide-mills'' using underwater propellers
with a diameter of 20m.
These would either be fixed to towers tied to the sea bed, dropped
from surface floats or suspended in mid-water below wave level, using a
small-scale adaptation of the technology used in ''tension leg'' oil
platforms.
The authors are cautious over costs, emphasising that these are
tentative because no tidemills yet exist, but think that some of the
best Pentland Firth sites could produce power at under 10p a kilowatt.
One of them, Mr Peter Frankel, a director of IT Power, of Eversley,
near Reading, says the experience of other renewable energy-research
suggests that costs could be substantially reduced to perhaps one-third
of these estimates once tide-mill generating sets were being
mass-produced.
This summer his private-sector 12-man company is co-operating with
Scottish Nuclear and NEL -- formerly the National Engineering Laboratory
-- of East Kilbride to install the world's first sea current power
station on an experimental basis in the Corran Narrows in Loch Linnhe,
near Fort William.
The 10kw unit is being regarded as a proof-of-concept experiment
costing just under #200,000.
Mr Frankel, 51, a University College, London, mechanical engineering
graduate, says power from sea currents has advantages over wind or wave
power ''because it is 100% predictable, thus making it far more reliable
than electricity from wind farms or wave power sites, which produce
nothing when the air or sea is calm''.
He says the tide-cycle variations between slowest and fastest currents
were significantly less than in wind-speeds for aerogenerators, which
means that tidemills operate under much more predictable and known
constraints.
He adds: ''I hope that this report represents a beginning for a new
clean energy resource, which should not have significant environmental
drawbacks, and which now has very large proven reserves.''
He said sea current power could play a significant role in reducing
the output of greenhouse gases, adding that if this summer's
demonstration went well he wanted a larger-scale trial up and running
within the next couple of years, with a start at harnessing the Pentland
Firth tide streams by the end of the century.
The new engineering study, which also involved civil engineering
consultants Binnie and Partners and builders Sir Robert McAlpine could
be the start of a posthumous dream come true for George Bernard Shaw.
During the very cold winter of 1947, when he was 91, he wrote a letter
to the Times urging UK engineers to study ways of harnessing the
Pentland Firth currents with their ''monstrous excess of power'', which
he reckoned could electrify half of Europe.
The study was carried out for the DTI as part of the Renewable Energy
Research and Development Programme, managed by the Energy Technology
Support Unit (ETSU), which is based at Harwell in Berkshire.
Any power produced from the Pentland Firth sea currents would go to
population centres via a 275kv powerline which runs south from Dounreay.
Yesterday, a Scottish Hydro official said it was technically possible
to upgrade the line to carry more power, but the report says that if the
Pentland Firth is to reach its true potential then several more
high-voltage lines would have to be built.
Seven of the 16 large sites identified in the report are in the
Pentland Firth, and six of these are among the eight UK tidal-stream
sites which the report says are most cost-efficient.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereComments are closed on this article