Salix College Energy Fund - investment in energy efficiency technologies
KEY DRIVER: The funding is intended to act as a catalyst for investment in energy efficiency technologies which will reduce carbon emissions and create vital financial savings.
There is not a maximum loan value.
Expression of Interest
Friday 15th July 2016
Salix launched the College Energy Fund in 2014 in partnership with the EAUC and supported by the AoC. Since then, colleges have completed70 energy-efficiency projects valued at over £4.8m. These projects are estimated to be saving further education establishments over than£1.1m on their annual energy bills, as well as reducing annual carbon emissions by over 5,500 tonnes.
The funding is intended to act as a catalyst for investment in energy efficiency technologies which will reduce carbon emissions and create vital financial savings. Any FE College who receives a majority of their income directly from public sector can apply for the funding. The interest-free loan provided by Salix is paid back through the energy savings achieved by technology installed.
In total, Salix supports over 120 technologies work types. These can be categorized into some of the following.
- Building management systems
- Combined heat & power
- Computers & IT solutions
- Hand Dryers
- Energy from waste
- Hot water
- Industrial kitchen equipment
- Insulation - building fabric
- Insulation - draught proofing
- Insulation - pipework
- Insulation - other
- Lab Upgrades
- Lighting controls
- Lighting upgrades
- LED lighting
- Street lighting
- Traffic lights
- Motor controls
- Motor replacement
- Office equipment
- Renewable energy
- Time switches
- Voltage management
Any Further Education College who receives a majority of their income directly from the public sector can apply for funding (6th Form Colleges included). The interest-free loan provided by Salix is paid off through the energy savings achieved by the project.
Project Compliance Criteria
- Salix can fund up to a 5year payback period
- Less than £100 per tonne of CO2 over the lifetime of the project
- Projects over £100,000 require a Salix Business Case
- Projects must be based on additionality i.e. projects would not have gone ahead without Salix funding
- Salix are able to part fund projects
Where projects exceed the maximum payback criteria, applicants are welcomed to contribute to the overall cost in order to make the project compliant. The loan will be paid back to Salix directly by direct debit on a 6 monthly basis over a period of 4 years.
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