The document provides an update on UK financing programs for energy efficiency, including the Green Deal and Energy Company Obligation (ECO) programs. It notes that while the Green Deal launched in January 2013, it is still in early stages with around 18,000 assessments completed so far. Potential issues with the Green Deal include ensuring sufficient demand and delivering expected energy savings. Local authority-led models and financing from the Green Investment Bank and other sources are helping support energy efficiency programs, but more investment is still needed to fully address the market potential.
Case studies of local governments in NSW ramping up renewablesBarbara Albert
Barbara Albert from 100% Renewables is presenting three case studies of local governments in NSW ramping up renewables.
Barbara highlights nearly 25 cities and local governments in Australia who have committed to be either carbon neutral or to source 100% of their electricity from renewables. Three case studies describing the initiatives being undertaken by Councils within their operations and in the community are also presented.
Centre for Sustainable Energy, Energy at Home Trade Support, Solar Power: Dem...The Future Economy Network
Phillip Morris, Senior Development Manager for the Centre for Sustainable Energy talks about Energy at Home, a scheme which offers generous grants for heating and insulation to help residents of Bath & North East Somerset to make energy saving improvements to their homes.
Efficiency Nova Scotia is Canada’s first energy efficiency utility. Through advice, education and rebates, they are helping municipalities and Indigenous communities to drive down their energy use, achieve reductions in greenhouse gases, and foster better communities for their residents and businesses. Learn how Efficiency Nova Scotia is able to promote energy savings at municipal buildings through upgrades, retrofits and new construction, in municipal operations with Onsite Energy Managers, water and wastewater utility projects, district energy and via policy with building codes and by-laws. The presentation will also explore key drivers and barriers for Nova Scotian municipalities and explain how Efficiency Nova Scotia interacts with other industry stakeholders.
Following the success of community owned solar energy projects in Brixton, Brighton, Bath and elsewhere a group of residents is working to set up a not-for-profit solar energy co-operative based in South East London. This will be a cooperatively owned enterprise that generates renewable electricity for use by householders and for sale to the national electricity grid.
The group plans to raise investment from the community to enable them to install solar panels on the large sunny roofs of building providing social housing or community services.Generating clean electricity in this way can potentially provide low cost or free electricity and fund energy efficiency measures whilst also providing a return to investors
The groups invites all those who would like to get involved in setting up the cooperative or who would like to find out more about investing in it or benefiting from it get in touch! These slides are from the first public meeting held on Sunday 9th March 4 – 5.30pm at the Food Bank, 467 New Cross Road.
The Australian National Energy Market has seen significant increases in the price of electricity. How has this happened in a continent blessed with energy resources?
Deep Savings: Using Case Studies in Our Search for Success
Find Sources and learn from Case Study results already gathered on Best practices and Measured Performance.
Infrastructure and Investment Opportunities for Energy Efficiency in BuildingsAlliance To Save Energy
Vice President for Programs Jeff Harris (jharris@ase.org) discussed energy efficiency measures in new and existing buildings, as well as cross-cutting techniques for achieving maximum advantages. Jeff’s work focuses on U.S. and international energy efficiency policies for buildings, appliances, and utilities, and market transformation through public sector leadership.
Case studies of local governments in NSW ramping up renewablesBarbara Albert
Barbara Albert from 100% Renewables is presenting three case studies of local governments in NSW ramping up renewables.
Barbara highlights nearly 25 cities and local governments in Australia who have committed to be either carbon neutral or to source 100% of their electricity from renewables. Three case studies describing the initiatives being undertaken by Councils within their operations and in the community are also presented.
Centre for Sustainable Energy, Energy at Home Trade Support, Solar Power: Dem...The Future Economy Network
Phillip Morris, Senior Development Manager for the Centre for Sustainable Energy talks about Energy at Home, a scheme which offers generous grants for heating and insulation to help residents of Bath & North East Somerset to make energy saving improvements to their homes.
Efficiency Nova Scotia is Canada’s first energy efficiency utility. Through advice, education and rebates, they are helping municipalities and Indigenous communities to drive down their energy use, achieve reductions in greenhouse gases, and foster better communities for their residents and businesses. Learn how Efficiency Nova Scotia is able to promote energy savings at municipal buildings through upgrades, retrofits and new construction, in municipal operations with Onsite Energy Managers, water and wastewater utility projects, district energy and via policy with building codes and by-laws. The presentation will also explore key drivers and barriers for Nova Scotian municipalities and explain how Efficiency Nova Scotia interacts with other industry stakeholders.
Following the success of community owned solar energy projects in Brixton, Brighton, Bath and elsewhere a group of residents is working to set up a not-for-profit solar energy co-operative based in South East London. This will be a cooperatively owned enterprise that generates renewable electricity for use by householders and for sale to the national electricity grid.
The group plans to raise investment from the community to enable them to install solar panels on the large sunny roofs of building providing social housing or community services.Generating clean electricity in this way can potentially provide low cost or free electricity and fund energy efficiency measures whilst also providing a return to investors
The groups invites all those who would like to get involved in setting up the cooperative or who would like to find out more about investing in it or benefiting from it get in touch! These slides are from the first public meeting held on Sunday 9th March 4 – 5.30pm at the Food Bank, 467 New Cross Road.
The Australian National Energy Market has seen significant increases in the price of electricity. How has this happened in a continent blessed with energy resources?
Deep Savings: Using Case Studies in Our Search for Success
Find Sources and learn from Case Study results already gathered on Best practices and Measured Performance.
Infrastructure and Investment Opportunities for Energy Efficiency in BuildingsAlliance To Save Energy
Vice President for Programs Jeff Harris (jharris@ase.org) discussed energy efficiency measures in new and existing buildings, as well as cross-cutting techniques for achieving maximum advantages. Jeff’s work focuses on U.S. and international energy efficiency policies for buildings, appliances, and utilities, and market transformation through public sector leadership.
Lessons learned from CEE’s public building recommissioning program PBEEEP. Tasked with improving the energy performance of public buildings, PBEEEP aimed to transform Minnesota’s existing building commissioning market from an audit to an energy investigation. Program staff screened over nine hundred buildings to identify buildings where an energy investigation would be cost effective, then calculated site-specific energy savings to determine the paybacks of recommended energy efficiency measures. This process identified lower average savings for existing building commissioning than other studies, which is of note for policy makers and practitioners. All sites achieved energy savings, many while the study was in progress.
Presentation given by Brian DiGiorgio on the Panel: "After Recycling, Then Watt?" at the Great Valley Center's Sacramento Valley Forum on October 27, 2010 in Chico, CA.
This PowerPoint is a discussion of options for financing clean energy. It describes financing processes, and outlines specific options related to on-bill financing structures, 3rd party structures and commercial lending structures. It was originally presented to RE-AMP, an organization of environmental advocates operating primarily in the Midwest.
Energy Efficiency Investment Pathways for Ireland - Emrah Durusut, Element E...SustainableEnergyAut
Energy Efficiency Investment Pathways for Ireland presentation - Emrah Durusut, Element Energy at the Unlocking the energy Efficiency Opportunity report launch 2015
Upgrading and replacing energy-consuming equipment in buildings offers an important capital investment opportunity, with the potential for significant economic, climate, and employment impacts. In the United States alone, more than $279 billion
could be invested across the residential, commercial, and institutional market segments. This investment could yield more
than $1 trillion of energy savings over 10 years, equivalent to savings of approximately 30 percent of the annual electricity spend in the United States. If all of these retrofits were undertaken, more than 3.3 million cumulative job years of employment could be created. These jobs would include a range of skill qualifications, and would be geographically diverse across the United States. Additionally, if all of these retrofits were successfully undertaken, it would reduce U.S. emissions by nearly 10 percent. The potential employment and climate benefits presented by energy efficiency retrofits have led The Rockefeller Foundation to explore a program initiative in this area, and to partner with Deutsche Bank Climate Change Advisors to produce this research report as a publicly-available resource for all interested stakeholders.
Bristol Energy Cooperative Bond Offer July 2017Andy O'Brien
Bristol Energy Cooperative (BEC) launches a new crowdfund to continue its journey to become a major generator of community-owned clean energy.
The crowdfund target of £1,150,000 will enable BEC to repay previous loans and invest in new micro-renewable generation and storage schemes. These include a 100kW Tesla battery storage project at a new sustainable housing site.
This bond offer builds on the popularity of BEC’s energy schemes where surplus profits are reinvested into the community. BEC has a proven track record of funding and developing renewables, including raising the ambitious sum of £10m last year.
Find out more in Director Andy O'Brien's presentation detailing BEC's plans for the future.
Peter Dennis, Smart Grid Aggregation Analyst from Ecotricity, who discussed the impact of grid operators actions on trying to create a low carbon power environment.
This paper will outline and showcase the success of local authorities across England that have used Salix Finance to enable energy efficiency projects and reduce energy bills and carbon emissions, through installing energy efficient street lights. It will look at the benefits that these projects bring to authorities and include case study examples of projects, as well as details for ongoing funding and how this can be accessed. A focus will be made on Kent County Council’s ongoing LED street lighting conversion, one of the largest programmes of its kind to date in the UK. The programme has been partly funded by Salix Finance. Key representatives from Kent will share technical and delivery lessons learnt from undertaking the programme.
By Hayley Veenhoven, Salix Finance and Sue Kinsella & Richard Emmett, Kent County Council
A workshop was held in the IFSC on December 8th 2016, looking at financial incentives to promote citizen investment in renewable energy. The workshop was organised by Dr. Celine McInerney, Cork University Business School, and Joseph Curtin, UCC. It was funded by the EPA Research programme.
Clean Growth Summit: Prospering from the Energy RevolutionKTN
As part of Green Great Britain Week’s Clean Growth Innovation Summit Rob Saunders discussed the “Prospering from the Energy Revolution” Industrial Strategy Challenge Fund.
As part of the Industrial Strategy Challenge Fund the Government will invest to make the UK a global centre for integrated energy systems that deliver cleaner and cheaper energy.
Find out more: www.ktn-uk.co.uk/news/uk-research-and-innovation-launches-energy-revolution-research-consortium-call
Unlocking the benefits of an integrated energy and sustainability strategyAlison Sutton
The financial, social and environmental value of an integrated energy and sustainability strategy through on-site energy generation. Case studies highlight how businesses and organisations can adopt this model and reap the benefits of it. This was presented at University College London by Mark Stokes, Managing Director of Utilyx's Asset Management division.
June 1980 Undergraduate dissertation examining the Lockheed proposal to fly LH2 fuelled Tristars. Submitted for BSc Science of Resources, University of Birmingham.
The role of cities in increasing investor confidence in energy efficiencySteven Fawkes
Presentation made to the Covenant of Mayors 21st Feb 2018. Sets out some of the actions that cities can take to increase the flow of investment into energy efficiency - focusing on standardisation.
Innovative Financial Models and Programmes for the Delivery of Energy Efficie...Steven Fawkes
Presentation setting out models of finance and programmes for Energy Efficiency Projects. Stresses the point that EE is only a small market and won't really change the way that finance works.
Energy efficiency: how much will policy / technology reduce demandSteven Fawkes
Presentation to FLAME gas conference May 2017. Explores how far combination of policy, technology, economics, finance, market infrastructure and business models will reduce energy demand.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the what'sapp contact of my personal pi merchant to trade with.
+12349014282
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the what'sapp number.
+12349014282
This presentation poster infographic delves into the multifaceted impacts of globalization through the lens of Nike, a prominent global brand. It explores how globalization has reshaped Nike's supply chain, marketing strategies, and cultural influence worldwide, examining both the benefits and challenges associated with its global expansion.
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Cotton in Nike Apparel
Nike Shops Worldwide
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Nike Logistics and Transport
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdfcoingabbar
Introducing BONKMILLON - The Most Bonkers Meme Coin Yet
Let's be real for a second – the world of meme coins can feel like a bit of a circus at times. Every other day, there's a new token promising to take you "to the moon" or offering some groundbreaking utility that'll change the game forever. But how many of them actually deliver on that hype?
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just what'sapp this number below. I sold about 3000 pi coins to him and he paid me immediately.
+12349014282
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the what'sapp contact of my personal pi vendor
+12349014282
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
3. Agenda
Update on Green Deal
- Latest numbers in over night
ECO, GIB & other initiatives in an Appendix to PPT
3
4. Green Deal – the basics
• Financing of efficiency with repayment through
electricity bills
• Tied to meter i.e. property
• Golden Rule:
– repayments always less than estimated savings
• Target of £14 billion investment over 10 years
– cf. £80 billion requirement
• ‘Light’ credit assessment:
– 80% eligible
• 10-25 year debt from private sector
• Residential focus but can be applied to business
4
5. Eligible measures
45 eligible measures in categories:
• Heating, ventilating and air conditioning
• Building fabric
• Lighting
• Water heating
• Microgeneration
5
6. Context – housing stock & energy
• 76% of UK properties built before 1980
– Pre 1919 – 21%
– 1919-1944 – 16%
– 1945-1964 – 19%
– 1965-1980 – 22%
– 1981-1990 – 9%
– Post 1990 – 12%
• Homes produce 27% of GHG emissions
• Domestic energy bills a big social/political issue:
– 2007 – 2012:
• 37.1% real increase in average gas bill
• 15.5% real increase in average elecricity bill
– One in five now in debt to energy supplier
– 6 million households in fuel poverty – 9 million by 2016? 6
9. Green Deal - Process & Actors
Assessment
Recommendations
Quotes
Plan
Implementation
Repayment
Green Deal Assessor
Green Deal Provider
Green Deal Installer
Electricity suppliers
GreenDealOversightand
RegistrationBody(ORB)
Green Deal
Finance
Company
9
10. Green Deal Finance Company (GDFC)
Structure and function
• Industry led consortium > 50 members
• Provides finance to Green Deal Providers
Funded by
• £7m loan from DECC to cover set-up
• £69m Loan and Junior Capital from 16 members of GDFCo
• £30m Junior Capital Facility of £20m and Contingent Capital Facility from DECC
• £125m Senior Debt from UK Green Investment Bank
• Negotiating £125m debt with European Investment Bank
Customer offer
• 6.96%
• Set up charge £63
• Annual operating charge £20
• Exploring Islamic financing option to access 2.7 million Islamic population
10
11. Additional support for Green Deal
• DECC £125m to fund ‘Green Deal Cashback Scheme’
• Available on ‘first come first serve’
11
12. Green Deal status 16th April
Launched 28th January 2013
• 108 Accredited Green Deal Assessor organizations
• 1,003 Accredited Green Deal Assessors
• 40 Green Deal Providers
• 629 Accredited installers
• 9,268 Green Deal Assessments completed
• 1st Green Deal ‘good to go’, 2 others being reviewed (11th
April)
• GDFC established and funded (£244m)
12
STOP PRESS
14th May 2013
- 152
- 1,274
- 55
- 942
- 18,861
13. Green Deal gaining momentum
0
200
400
600
800
1,000
1,200
Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13
Assessor organisations Individual Advisors
Green Deal Providers Installer organisations
‘The latest figures on the Green
Deal show that this new market is
gathering real momentum; 9,268
Green Deal assessments taking
place in just over two months is
very encouraging and shows a
genuine interest from consumers.’
Greg Barker, Minister, DECC, April
13
15. Inevitable teething problems
‘We’ve had the official launch – this time accompanied by a
press campaign – but the sad reality is that the systems
aren’t ready yet. The largest part of the system still missing is
the finance, but there are also problems with the wording in
Green Deal plans, the snail-like pace of certifying Assessors
and the lack of guidance about how ECO will work. I’d be
interested to hear from anyone who has actually produced
and financed a Green Deal plan… anyone?’
Diary of a Green Deal Provider
3rd April 2013
http://www.localenergy.org.uk/diary-of-a-green-deal-provider/
15
16. Green Deal for Business
• Always envisaged that Green Deal could be used by
business
• Limited number of Green Deal for Business assessors
• Lot of potential demand
• Very early days
16
17. Local Authority GD initiatives - 1
Birmingham
• £75m Prudential borrrowing
• £25m from ECO (Energy Company Obligation)
• Will fund Green Deals directly and be repaid through
electricity bills
• Intention to aggregate and issue bonds
• Appointed Carillion as exclusive delivery partner
• 8 year framework contract worth up to £600m
• Aim to retro-fit 60,000 houses plus non-domestic buildings
• Commitment to create local jobs
17
18. Local Authority GD initiatives - 2
Leeds & 10 surrounding local authorities
• £100m over first 3 to 4 years
• 12,000 houses
• Likely to appoint a delivery partner in May
Similar initiatives in:
• Newcastle
• Sussex
• London
Cambridge looking to create a sustainable energy fund to finance
retro-fits and sustainable generation projects
18
19. Issues with Green Deal
• Max loan of £10,600 under Golden Rule at 7% 25
year loan
• Quality of GD Assessment (2 day training)
• Potential scams (already happening)
• Subsequent property buyers not liking GD liability
• Potential for massive disappointment if savings are
not delivered
– a mis-selling scandal waiting to happen?
19
20. Green Deal questions
• Is the demand there? / How do we create demand?
• Will demand be created in segments that need it
most e.g. fuel poor?
• Why borrow at 6.96% when you can use:
– Personal loans from 5%
– Re-mortgage at 1.75 to 2.5% (initial rates)
– Savings currently earning very low rates?
• Will savings be delivered?
20
21. Green Deal summary
Green Deal launched!!!
• Activity increasing
• Early days
• Potential issues with demand
– Conversion rate from Assessment to Green Deals?
– Assessment and implementation rate once early DECC
supported GDAs are completed
• Local Authority led model is promising
21
22. ECO – Energy Company Obligation
• A licence condition for suppliers with:
> 250,000 domestic customers
> 400 GWh electricity supplied to domestic customers
> 2,000 GWh gas supplied to domestic customers
• 1 January 2013 to 31 March 2015
• Replaces previous schemes (CERT and CESP)
• ECO obliges suppliers to spend on efficiency relative to
energy supplied
• c.£1.3 billion per annum
• ECO money can be used to supplement Green Deals
– Assists with ‘hard to treat’ and expensive situations like external
wall insulation
22
23. ECO has 3 components
Carbon Saving Obligation
• Solid wall and hard to treat cavity wall insulation that
can’t be financed under Green Deal
Carbon Saving Communities Obligation
• Insulation measures in specified low income areas (15%
of each company’s obligation)
Affordable Warmth Obligation
• Insulation and heating measures to consumers in private
tenure properties receiving benefits e.g. elderly, disables
and families
23
24. ECO brokerage
• Fortnightly auction
• Green Deal providers sell ‘lots’ of future ECO delivery
to energy suppliers
• 6 auctions by end of March
• Total value £68.9 million to date
• Energy suppliers very keen to deploy ECO funds
24
25. Green Investment Bank
• Formally launched November 2012
• £3 billion to deploy in 3 years
• Aims to ‘crowd in’ private investment
• 3 areas of focus:
– Off-shore wind
– Waste to energy
– Non-Domestic Energy Efficiency (NDEE)
• Must invest alongside market on market terms
• No soft capital
25
26. GIB NDEE progress
• Selected 2 NDEE fund managers
- £50m allocated to SDCL
- £50m allocated to Equitix
• Fund managers have to source deals and matching
capital
• Deals size £500k to £30m
• Deals > £30m will be done directly by GIB
26
27. GIB NDEE progress - 2
• £5m EPC project for Kingspan
• Working on a development model with Greater
Manchester
• £50m committed to Aviva REalM Energy Centres
Fund
– Fund has invested in 1st project (£36m - £18m from GIB)
• Cambridge University Hospitals NHS Trust
• Biomass boilers, CHP and heat recovery from medical waste
incineration
• Energy centres rather than end-use energy efficiency
27
28. GIB issues
• Lack of soft money to assist development process
• Lack of skills developing large scale projects in supply
chain and end-users
• Fund managers relatively passive
• Relatively expensive money
• Paradox of ‘addressing market failures’ by investing
alongside the market
28
29. Other Local Authority initiatives
Peterborough ESCO -
• Owned by Local Authority
Scope:
• Green Deal
• NDEE
• Renewable projects
• Collective purchasing
• Energy supply to local consumers
• Sell excess power to grid
Achievements
• Solar PV framework (1 MW installed)
• EPC procurement framework due May 2013
29
30. Other initiatives
Royal Bank of Scotland
- £200m corporate energy efficiency fund
- Draws on government’s Funding for Lending scheme
- Borrowers must have revenues > £25m
- 5 to 7 year tenor
30
31. Summary and conclusions
Green Deal launched
• Activity increasing
• Early days
• Potential issues with demand
• Local Authority led model is promising
Green Investment Bank launched
• NDEE a key area
• Early days
• Need to increase flow of investment quality deals
• Still need to access long-term low cost funds
Some other interesting developments
• Peterborough ESCO
• Many other Local Authorities gearing up to create ESCOs
• Royal Bank of Scotland allocation of £200m
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Now – show me the moneyAs an aside Boulton & Watt who are pictured here – made their money by implementing energy efficeincy – the Watt steam engine was much more efficient than the existing technology and saved coal mine owners a fortune. Bolton & Watt had the first example of shared savings deal – they took a % of the savings over a long term contract.Now I am going show you some big numbers