Merthyr Tydfil County Borough Council
Merthyr Tydfil County Borough Council (CBC) had a keen interest in renewable energy solutions but due to budget deficit cuts their options were limited. Merthyr Tydfil CBC had already targeted nine suitable Council owned buildings for larger roof mounted solar PV installations and egnida’s funding initiative provided the opportunity to fulfil their strategy.
egnida’s funded solution provided the opportunity to generate their own electricity at zero cost, with no risk to the authority, creating a substantial impact on their carbon reduction targets and provided a revenue stream in the process.
All nine targeted sites were subjected to detailed feasibility studies and the revenue benefits calculated for Merthyr Tydfil CBC using egnida’s shared benefit funding model, which also encompassed inclusive ongoing maintenance, monitoring and safety requirements for a 20-year period.
“When egnida approached us in 2013, Merthyr CBC were keen to install solar PV but unfortunately had no budget for renewable energy projects. Their funded, shared benefit solar PV proposal seemed to meet our needs as we would secure a proportion of the revenue benefits but with no risk to the authority and no capital expenditure.”
“After carrying out due diligence, our legal team confirmed that the egnida agreement fitted our purposes. egnida design, install & maintain the installations at no cost to Merthyr BC and after proving best value for money we were able to select any viable sites and give egnida the green light.”
“To date we have installed solar PV at nine different sites, a mixture of Schools, Leisure Centre, Civic Halls & Care Homes which will accrue over £300,000 of income for Merthyr CBC throughout the lifetime of the installations.”
“I’m delighted that egnida have given us the opportunity to achieve some carbon reduction in our authority from renewable energy sources and would have no hesitation in recommending their solution to other Public or Private organisations. We’ve managed to create a source of income to allocate to whatever projects we choose and in the process have the satisfaction that we are doing our bit for the low carbon economy.”