On my car this led to the belt starting to fray but I got it replaced before it sheared. On another car it sheared, snapped, hit the cambelt, which snapped as well and led to engine blow

Dealers appear to be a little confused over this as one AmD customer took his ticking VXT in and they blamed the fuel solenoid valve

The picture below shows the belt sliding off the pulley:

So the advice is this. If you get a loud (its is pretty audible) ticking noise which increases with engine revs its is likely to be the alternator belt, save yourself (and the dealer) time in checking other things out and tell them. I understand Vauxhall are looking into an uprated part swap if you get the problem.