Financing EE/RES initiatives in local authority functional areas
Topic of the practice
FINANCING TOOLS FOR SUSTAINABLE ENERGY INVESTMENTS
Good Practice Information
The financing tools for sustainable energy were utilised to address the problem that procurement & financing issues limited the installation of renewable energy (RE) systems in water Services (which are identified as the largest energy users in the public sector).
The obejctives of the action were: 1) Energy consumption reduction 33% by 2020; 2)Increase range & number of RE systems installed. 3) Address limited grant aid through own & internal &ESCO arrangements.
The activities were: 1)Development of an Energy Performance Indicator (EPI), 2) Benchmarking & procurement process for pumping systems. 3) Investment plan & applications for grant;4) Training Course and collaboration portals support effort.
The beneficaries were : Sustainable energy upgrading of buildings, services, facilities, processes and transport and to organisations in the public and private (including community) sector.
Evidence of success
SAVINGS: 808,872kWh Annual Savings; estimated energy savings of over 1.600GWh nationally. FINANCIAL: Short pay-back periods. Grant by the SEAI Better Energy Workplace Fund up to 35%. MARKET FORMATION: Suppliers gear their business to deliver EE as part of day-to-day contracts; gradual development of bespoke EE orientated services, including ESCO type financing, based on the principles of this GP.
Contact details to obtain further information on the practice
Mark Macaulay (CC Sarah Morgan
Midland Regional Authority
Annex completed on: 12-17-2012