EfW DEVELOPMENT GUIDANCE - Wrap

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WRAP – EfW DEVELOPMENT GUIDANCE – September 2012 2.0 The Carbon Trust 2.1 Interest free loans. Small and medium enterprise (SME) businesses in Wales and Northern Ireland can apply for 0% interest loans of £3,000 - £100,000 from the Carbon Trust to help them finance and invest in energy saving projects. The repayment period of the loans is dependent on the individual projects. In Northern Ireland £1,000 can be borrowed for every 1.5tCO2 saved per year. In Wales, £1,000 is available for every 2.5t CO2 saved. To be eligible for the loan, SMEs must have incorporated businesses that have been trading for at least 12 months or non-incorporated businesses trading for at least 36 months (this will include charities, friendly societies, clubs and similar). For the purpose of this funding, an SME is defined as a company with ‘fewer than 250 full time or equivalent employees, an annual turnover not exceeding €50m (approximately £42.5m) and/or assets not exceeding €43m (approximately £36.5m) and no controlling interest of more than 25% by a non-SME’. More details can be found at: 2.2 Energy efficiency financing (UK) In partnership with Siemens, the Carbon Trust offer financing options including leases and loans from just £1,000 with no maximum limit. Financing is available to all types of organisations. The repayments are calculated to tie in with the anticipated energy production and resulting cost savings making the financing option pay for itself. To qualify for finance, companies are subject to a credit check and trading history as this will assist in determining the available finance. Businesses must have been trading for at least 36 months. In addition to this, an energy saving assessment will be completed by the Carbon Trust to ensure sufficient savings can be made. More details can be found at: http://www.energyefficiencyfinancing.co.uk http://www.carbontrust.co.uk Funding Home Funding Feasibility and Good Practice Planning Environmental permitting regulations Feedstock Outputs Financial Incentives Waste Incineration Directive Glossary Guide page 4
WRAP – EfW DEVELOPMENT GUIDANCE – September 2012 3.0 EDF Energy Green Fund In 2001 EDF Energy set up the Green Fund using the funds from their Green Tariff. Every customer contributes an amount to green projects which the company match pound for pound. The fund is used to help promote the development and installation of renewable energy technology in communities. The fund is mainly used to help non-profit organisations set up micro-generation technologies. Any technology that produces heat and electricity will be considered and innovative technologies are supported, as long as evidence of successful trials can be provided. The fund will provide up to £30,000 (excluding VAT) for a single scheme. The funding is usually only awarded to schemes that have secured funding from other sources of an equal or greater amount, and the applicant is also expected to contribute to the overall cost. The scheme will not be eligible to receive EDF funds if they have already secured funding from other energy companies. There are two rounds of funding per year with the closing dates being 28th February and 31st August. Currently there is no known end date for the fund. All applicants are scored in two stages against pre-set criteria. Unsuccessful applicants are not allowed to re-apply for the project in the next funding round, however they can apply for subsequent rounds. Further details and the application form can be found at: http://www.edfenergy.com/products-services/for-your-home/our-services/greenenergy-fund.shtml 4.0 Green Investment Bank (GIB) The Green Investment Bank is being set up by the government to provide the significant investment that will be required to establish a ‘green economy’ in the UK. In December 2011 the Department for Business, Skills and Innovation (BIS) published the criteria for deciding where the bank will be based and what the bank’s first priorities will be until 2016, which includes energy from waste generation. A new team will be set up within BIS to drive investment in the UK’s green infrastructure until the Green Investment Bank is formally established. The UK Green Investments (UKGI) team will have access to the £100 million made available by the Government to invest in smaller waste infrastructure projects on a fully commercial basis. A further £100 million has been provided for investment in the non-domestic energy efficiency sector for the next financial year. £80 million has been awarded to fund managers Foresight and Greensphere. UKGI will also be available to co-invest in offshore wind projects. It is proposed that the GIB project will evolve over three phases as below: • UK Green Investments – from 2012 until state aid approval for GIB is granted, BIS’ UK Green Investments project will make direct investments in green infrastructure projects. • Establishment – GIB will be established as a stand-alone institution following state-aid approval. It is expected that state aid approval will be granted in autumn 2012. • Full borrowing – from April 2015, the GIB will be given full powers to borrow, subject to public sector net debt falling as a percentage of GDP and further state aid approval being granted. To keep up to date with the GIB developments please visit: http://www.bis.gov.uk/greeninvestmentbank Funding Home Funding Feasibility and Good Practice Planning Environmental permitting regulations Feedstock Outputs Financial Incentives Waste Incineration Directive Glossary Guide page 5
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