The shift to a Low Carbon economy is already underway and businesses must get ready for it. Low Carbon investment is vital as there is an increased focus throughout the industry and public sector regarding the level of emissions, ways to reduce these and also cut energy costs generally. There is a focus on Low Carbon cities seeing a public sector led, city-wide, carbon reduction programme and a potential move towards decentralised energy across the UK, including smart grids technologies, advancement in energy storage and increased focus on renewables. Across all sectors, businesses are increasingly having to address climate change, coupled with an increasing regulatory burden. Understanding the cost-efficiencies of changes and the funding structure supporting these is a minefield.
Small Scale Renewables
A smaller scale renewables project has most, if not all, of the "building blocks" involved in large schemes, but the costs make it harder to achieve a cost effective project. Delays to project completion, cost overruns, poor operational performance, etc. all have greater impact on CAPEX/OPEX budgets for smaller projects. We focus on how to deliver what you need effectively so you can deliver your project to plan and budget.
Energy Service Companies
The move away from decentralised energy generation towards smaller scale localised alternatives is gathering pace in the UK. More and more developments (both domestic and non-domestic) are considering more cost effective ways of providing domestic and commercial heating requirements with District Heating being the prominent technology.
District Heating Schemes (often coupled with Combined Heat and Power (CHP)) in the UK can take various forms including traditional fossil fuel systems or newer technologies such as Biomass.
There are various options when considering funding a district heating scheme either as part of a new development or an existing one. The funding via an Energy Service Company (ESCo) which often take ownership of the District Heating Scheme and charge the various owners or tenants within the development for both provision of energy and upkeep of the system.
We have a range of experience in this sector including the funding and delivery of District Heating Schemes (including CHP) for a number of different stakeholders including private sector, local authorities, housing associations and utilities. Shepherd and Wedderburn have also worked closely with clients in establishing ESCos for this purpose including providing support in relation to the consultation process for long term energy contracts under the Landlord and Tenant Act including negotiation with the Land Valuation Tribunal and dispensation applications.
Shepherd and Wedderburn is "responsible" and "always delivers". The firm is noted for its "top-quality regulatory advice".
– Legal 500, Projects, Energy & Natural Resources