Mobilising Local Energy Investment Funds in Greater Cambridge (MLEI) Contract No: IEE/11/036/SI2.615954 19 October 2015 The sole responsibility for the.

Mobilising Local Energy Investment Funds in Greater Cambridge (MLEI) Contract No: IEE/11/036/SI October 2015 The sole responsibility for the content of these slides lies with the authors. It does not necessarily reflect the opinion of the European Union. Neither the EACI nor the European Commission are responsible for any use that may be made of the information contained therein. Project summary Goal: To develop the right financial and delivery framework to secure increased investment in energy infrastructure, using public sector assets to facilitate this in Cambridgeshire, UK Partners: Cambridge City Council, South Cambridgeshire District Council and Huntingdonshire District Council Main Objective: Deliver an investment programme of public sector and community energy projects of at least 17.03 million via the Fund and delivery mechanisms Results: 18.01M in capital investments identified, saving 1.8m annually, renewable energy capacity of 13,600 kW and 6,500 TCO2 avoided per year Background - Project location UK Cambridgeshire has a significant growth agenda of: 75,000 new homes by 2026 Fastest growing county in the UK Cambridge is the 4 th fastest growing city Significant economic growth potential not to be constrained by insufficient energy supplies Investment Opportunity - RE 3-8 billion of potential investment in renewable energy by 2031 The investment opportunity - EE 195 million of investment potential in energy efficiency measures in non-domestic buildings Objective and main steps Three step Fund Strategy agreed Step 1: Local Authority Fund proof of concept Step 2: Public Public Fund- grow the pipeline Step 3: Joint venture/Commercial Fund Local Authority Fund - 15 million borrowed from Public Works Loan Board - Investment criteria agreed by committee - Key points for EnPC project - 15yr pay back, benefit share with schools, reinvest part of the profits for large scale projects 7% IRR The Organising Framework Investment programme Waste to energy projects School Retrofits School Energy projects Public Buildings (offices, libraries, etc) Pipeline of projects Signed a construction contract for a 12MW Solar Park enough to power 3,000 homes MLEI Project Achievements CURRENT METRIC Capital Value Identified18.1 M Phase 2 contracts signed17 Cost savings (/yr)1.8M Energy savings (MWh/yr)15,147 Carbon savings (T/CO2/Annum) 6,511 Renewable energy (kW)13,597 A multidisciplinary team with the skills, knowledge and capacity is now in place to support project development and investment into energy projects across Cambridgeshire. It includes technical (engineering skills primarily), financial, legal, procurement and project management skills and knowledge. Partners and contact For more information: Sheryl French| MLEI Project Director | Cambridgeshire County Council +44 (0) |