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SOLVING ENERGY EFFICIENCY FINANCE IN THE PUBLIC SECTORWWW.SALIXFINANCE.CO.UK
100%INTERESTFREEENERGYEFFICIENCYLOANS
Interest Free Financing of Public Sector Energy Efficiency Projects with Salix
Paul Smyth20th November 2013
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SOLVING ENERGY EFFICIENCY FINANCE IN THE PUBLIC SECTORWWW.SALIXFINANCE.CO.UK
• Independent, publicly funded, not-for-profit company
• Funded by Department of Energy & Climate Change, Department for Education, HEFCE, Scottish Government & Welsh Government
• Supporting Local Authorities, Educational Establishments and NHS Trusts throughout England, Wales and Scotland
We provide 100% interest free capital finance for the Public Sector
Who we are
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SOLVING ENERGY EFFICIENCY FINANCE IN THE PUBLIC SECTORWWW.SALIXFINANCE.CO.UK
Minimise wasted energy – Controls and awareness raising
Efficient conversion –Installing energy
efficient technology
Offsetting
Salix focus –capital investment to reduce energy
& save carbon3
1
2
4Salix Focus
OnsiteRenewable
Energy
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SOLVING ENERGY EFFICIENCY FINANCE IN THE PUBLIC SECTORWWW.SALIXFINANCE.CO.UK
£40m funded
1,324 projects
£9.8mn saved in annual energy costs
48,500+ tonnes of CO2 saved annually
Approximate sector split based on 2012/13 data*Other clients consists of: Fire Services, Police Authorities and Passenger Transport Authorities
Total Salix client funding in 2012/13
Local Authorities – 42%Education Establishment – 50%NHS Trusts – 6%Other Clients* – 2%
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SOLVING ENERGY EFFICIENCY FINANCE IN THE PUBLIC SECTORWWW.SALIXFINANCE.CO.UK
2012/13 Salix top 5 project types
Number of projects fundedValue of projects funded
Street lighting – £7.2mLED lighting – £5.2mLighting upgrades – £3.2mBEMS – £1.2mBoiler replacement – £1.2m
A summary of Recycling Fund & SEELS5 projects
LED lighting – 295Lighting upgrades – 211Heating pipework insulation – 120BEMS – 72Lighting controls – 69
Data as of year end 2012/13
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SOLVING ENERGY EFFICIENCY FINANCE IN THE PUBLIC SECTORWWW.SALIXFINANCE.CO.UK
Salix Funded Internal Lighting Upgrades
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SOLVING ENERGY EFFICIENCY FINANCE IN THE PUBLIC SECTORWWW.SALIXFINANCE.CO.UK
Bristol City CouncilClient Case Study
Pre Project Conditions –• Upgrading of the councils street lighting
formed a core part of the their cost savings strategy, but the solution they wished to install was not viable without low-cost funding
Project overview Salix helped Bristol City Council to deliver a street lighting project to upgrade over 10,000 street lights on main roads across the borough, helping to save £503,000 on their energy costs.
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SOLVING ENERGY EFFICIENCY FINANCE IN THE PUBLIC SECTORWWW.SALIXFINANCE.CO.UK
Bristol City CouncilClient Case Study
Salix Funded Solution –• £1.1m – 100% interest free funding for an
energy efficient upgrade to Ceramic Metal Halide (CMH) lamps
• £503,000 annual energy cost savings• 2,380 tonnes of CO2 saved per year
• Project paid back in 2.2 years
Project overview Salix helped Bristol City Council to deliver a street lighting project to upgrade over 10,000 street lights on main roads across the borough, helping to save £503,000 on their energy costs.
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SOLVING ENERGY EFFICIENCY FINANCE IN THE PUBLIC SECTORWWW.SALIXFINANCE.CO.UK
What’s New • Salix Finance clients to deliver £1 billion of financial savings for
the Public Sector
• DfE England - completion of exemplar schools films and case studies
• Scotland - Salix funding now available to the whole of the Public Sector
• Internally - new website to be launched at the end of this year Simple online application process
More examples and case studies for clients to share
Supplier guidance and supporting information
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SOLVING ENERGY EFFICIENCY FINANCE IN THE PUBLIC SECTORWWW.SALIXFINANCE.CO.UK
Our contact details