Published on November 29th, 2017 | by Joshua S Hill0
Green Investment Group Launches Energy Solutions To Reduce Energy Costs & Cut Emissions
November 29th, 2017 by Joshua S Hill
The Green Investment Group, part of the Macquarie Group, has this week launched a new service called Energy Solutions which will aim to help medium- to large-energy users reduce their energy costs and cut carbon emissions with no upfront costs for the user.
The Green Investment Group (GIG) — which used to be the UK Green Investment Bank, but which was acquired earlier this year by Australia’s Macquarie Group for £2.3 billion — on Wednesday launched a new service called Energy Solutions which will provide private and public organizations with “end-to-end technical and funding support that will enable them to take distributed energy and energy efficiency projects from the earliest phase of development through construction and into operations and management.”
Part of Energy Solution’s offerings will include a “pay-as-you-save” Energy Services Agreement (ESA) which will allow businesses to benefit from a program of investments in energy assets with no impact to their balance sheet. These assets will range across a variety of technologies including power generation, heating and cooling, controls and systems, batteries, transport fleets, and lighting.
“Rising costs, technological advances and regulatory pressures are changing the way organisations think about their own energy productivity,” said Bill Rogers, Head of Distributed Energy and Onshore Renewables, GIG.
“By utilising the latest distributed energy and energy efficiency technologies, organisations can generate, store, use, and actively manage energy more efficiently.
“However, organisations are often faced with a choice between investing in new energy infrastructure or channelling available capital into core operations. Energy Solutions will design, fund, and deliver an integrated programme of energy upgrades, assuming the key risks and expenditure involved. This will provide our clients with greater certainty and control over energy costs and help to increase business resilience and lower emissions without constraining their balance sheets.”
The new Energy Solutions will work as follows:
- Plan: We liaise with stakeholders to develop a plan which can deliver on business and energy objectives.
- Finance: Our finance can produce net savings from day one with no upfront expenditure or balance sheet impact.
- Install and operate: We support our partner businesses in the selection of technologies and third party suppliers through the installation period and into operations.
- Monitor and report: We assess, monitor and report on the green impact of the measures undertaken by the partner business, drawing on our pioneering role as a global leader in green impact reporting.
The Green Investment Group believes that Energy Solutions will serve to accelerate investment programs and realize savings upfront; reduce energy and maintenance costs and hedge energy prices; increase the resilience of facilities and operations; improve operating environment and productivity for staff; and cut CO2 emissions and other pollutants, reducing adverse environmental impacts.
And the Green Investment Group has a long track record of strong green investing — together, along with Macquarie, the two have led over £15 billion of investments in the United Kingdom.