Title: Salix Finance - Funding energy saving projects in Scotland
1 Salix Finance - Funding energy saving projects
in Scotlands colleges EAUC-Scotland Campus
Sustainability Conference 6th of May
2008 Alastair Keir Paul Smyth Salix Finance
Our mission is to work with the public sector to
reduce carbon emissions through investment in
energy efficiency and renewable technologies.
2Salix Finance Agenda
- Introduction to Salix Finance
- Scottish HEI FE activities
- Funding energy saving capital projects in
Scotlands colleges - Questions?
-
3Salix Finance
- Introduction to Salix Finance
-
4Salix Finance who are we?
- Independent not-for-profit company
- Set up by the Carbon Trust in 2004
- Work only with public sector bodies
- To reduce energy costs and carbon emissions
- Show leadership in tackling climate change
-
5Salix Finance what do we do?
- Stimulate investment
- Using ring-fenced funds
- Recycle all projected savings
- Focus on cost-effective projects with high CO2
reduction impact - Match funding typically 250K
- Reduce energy bills
- Make capital go twice as far
6Salix Finance - types of technology
- The following lists the main types of technology
in the fund - BEMS
- Boiler replacements and controls
- Cooling and heating projects including controls
- Insulation Building Fabric
- Lighting upgrades and controls
- Motors and motor controls
- Office equipment improvements and network PC
management - Renewables
- Swimming pool covers and controls
- Ventilation
- Voltage reduction
7Salix Finance - project criteria
- Projects must deliver both CO2 revenue benefits
- Two project compliance criteria
- 5 year payback period and
- 100/tCO2 lifetime
- Energy efficiency capital projects
- As documented in the Salix Project tool
- Or approval through suitable demonstration
project - CHP and renewable energy technologies
- Include a feasibility study carried out according
to a recognised methodology
8Salix Finance
- Scottish HEI FE activities
-
9Salix Finance - working with Higher Education in
Scotland
- Salix currently have 8 University clients in
Scotland - Edinburgh, Glasgow, St Andrews, Stirling,
Aberdeen, Abertay, Napier and Strathclyde - With Scottish Government funding added Salix have
committed 4,158,000 to these universities. - Each University is now required to provide 25 of
their Salix fund for further recycling projects
10Salix Finance
- Funding energy saving projects in Scotlands
colleges -
11SALIX Finance a new opportunity for Scotlands
colleges
- Salix has agreed funding with the Scottish
Government to support a programme for Scotlands
colleges. - The funding has to be recycled and so will be run
as project loans - Colleges apply for loan funding to Salix for
compliant energy saving capital projects - Each project must meet 3 compliancy tests
- 5 year or shorter payback
- Be additional to anything that was be planned or
is mandatory - Have a lifetime cost of CO2 of less than
200/tonne - Loans will be repaid over 4 years in 6 monthly
instalments - New projects applications will be welcome every 6
months.
12SALIX Finance a new opportunity for Scotlands
colleges
- Application forms will be available by the end of
May - Subject to demand we plan to run a workshop
during June - Closing date for applications will be end July
- Assessment of applications will be done in early
August - Notification of success or otherwise by mid
August - Payment of funds on submission of invoices
- 1st repayment February 2009 then 6 monthly
thereafter - 2nd round for applications closing December 2008
with confirmation in January 2009 - 1st repayment from these loans in August 2009
- 3rd round for applications closing July 2009
13Salix Finance managed a programme for English
FE Colleges funded by Learning and Skills Council
- LSC wanted to support sustainable projects in
colleges it funds. It agreed with Salix a
programme by which colleges could apply for
funding for individual projects. - Salix agreed project criteria with LSC of 5 year
payback and 200/t lifetime CO2 - Colleges could apply for up to 150,000 each
- Applications were submitted to Salix for
assessment using the Salix project compliance tool
14Salix Finance - working with English FE Colleges
Assessed applications Number of Colleges -
230 Number of projects - 1,248 Total
value of projects - 22,721K Projected
savings Annual financial savings -
6,441K Lifetime Energy Saving -
49,208K Annual CO2 saved - 47,047 T
Lifetime CO2 saved - 359,457 T Average
payback - 3.52 years Grant payments to
be made in April 08, projects to be completed by
September 08
15SALIX Finance working with English FE Colleges
(top 15 technologies)
Technology Average Value Projects
Boilers replacement 32,608 137
Lighting upgrades 22,434 176
Voltage reduction equipment 26,082 89
Lighting - discrete controls 15,208 117
BEMS - bureau remotely managed 17,835 98
Insulation - building fabric 14,571 116
Office equipment improvements 22,631 71
Office equipment - network PC power management 15,307 45
Motor Controls - variable speed drives 14,486 29
Renewable energy 21,420 16
Boilers - control systems ECA approved 10,002 30
Hot Water - distribution improvements 11,769 25
Heating - zone control valves 13,283 22
Heating - distribution improvements 11,017 25
Insulation - draught proofing 10,172 24
16SALIX Finance working with English FE Colleges
(16 to 30 technologies)
Technology Average Value Projects
Heating - replace electric with gas 24,205 10
Ventilation - distribution 20,650 11
Heating - pipework insulation 5,451 41
Heating - TRVs ECA tamperproof 9,872 20
Lighting - discrete controls tamperproof (TBF) 15,514 12
Heat recovery 18,549 9
Motors - high efficiency 48,145 3
Insulation - secondary glazing 17,357 7
Heating - TRVs 5,259 20
Heating - direct fired system 20,988 5
Hot Water - point of use heaters 7,008 13
Cooling - plant replacement / upgrade 14,727 6
Time switches - tamperproof 3,781 21
Compressed Air air compressor upgrade 19,520 4
Heating - discrete controls ECA approved 5,283 13
17SALIX Finance a new opportunity for Scotlands
colleges
- Do not forget that Carbon Trust Scotland may be
able to assist with project identification. - Contact Alan Crooks on 01355 581812 for Survey
Support
18Salix Finance
1925 Southampton Buildings, London WC2A 1AL t 020
3043 8800 f 020 3043 8799 info_at_salixfinance.co
.uk www.salixfinance.co.uk