European Commission > Energy > Intelligent Energy Europe

MLEI Oxford Total Retrofit (OTR)

Project brief
Key action: Mobilising Local Energy Investment
Status: Ongoing
Coordinator: Mairi Brookes
Oxford City Council, United Kingdom
E-mail: mbrookes@oxford.gov.uk
Tel: +44 (0)1865 252212
Partners: Oxfordshire County Council (OxCounty), United Kingdom
Website: http://www.oxford.gov.uk/
Benefits: Providing technical assistance to prepare sustainable energy/retrofit projects which leverage private sector finance alongside public sector income.
Keywords: Community energy, sustainable investment, energy efficiency
Duration: 28/11/2012 - 27/11/2015
Budget: EUR 1 535 063 (EU contribution: 75%)
Contract number: IEE-11-924

Summary

One of the biggest challenges for small and medium-sized local authorities is to prepare sustainable energy and retrofit projects which are big enough to be considered bankable by finance institutions.
The OTR project will develop a special purpose vehicle for major energy and low carbon transport infrastructure development across the city of Oxford and county of Oxfordshire.
The fund will potentially cover the following investment types: energy performance contracts on the public estate; underwriting and start-up funding for community energy projects; community bonds to support domestic retrofitting. As the scale of community activity across the City and the County increases, it is becoming clear that there is potential for communities to aggregate projects. The project will give the technical capacity necessary to develop products for two different types of investment:  community energy projects and community-scale domestic retrofitting projects.

Results
  • To establish the OxFutures Fund, a special purpose vehicle for major energy and low carbon transport infrastructure development across the city of Oxford and county of Oxfordshire;
  • To enable investment in 2.9MW of renewable energy projects and 19,600MWh of energy demand reduction on the public estate across the City and County by October 2015 (13.6m euro investment);
  • To enable investment in 3.2MW of community-owned energy projects by October 2015 (12.6m euro investment);
  • To enable investment in 300 whole house domestic retrofits by aligning the Green Deal with the Feed-in Tariff and the Renewable Heat Incentive (3.6m euro investment - 13.6k euro per house) by October 2015.

Lessons learnt
  • This project has started in November 2012, it is too early to extract lessons learnt. For further information, please visit the coordinator's webpage: http://www.oxford.gov.uk/
 

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