Page 365 - ePaper
P. 365
Energy Union Energy Household Department A £140 million investment programme At a UK level, The development of the 0.054 0.018 The HEaT Programme is not included in the current
Efficiency in Energy and of Social to support domestic energy efficiency the Programme is a Investment Strategy for Northern Ireland. The Strategy
Buildings Thermal Developmen measures through a combination of Programme commitment in the is under review which provides an opportunity to
Efficiency t (Northern grant and loan payments, and the aims to utilise Economic Pact between address this issue. No confirmed funding is in place
Programme Ireland) provision of guidance and support to the already the UK Government and for the project. Potential sources of funding are being
(HEaT) homeowners, tenants and private announced the Northern Ireland explored, however each of the identified options is
landlords. It is estimated that £54 Financial Executive. An materially constrained in respect of either availability of
million of public funds will leverage Transactions economic appraisal is resource, alignment between the intended timeframe
further private investment of £86 million. Capital facility. being undertaken to for the programme and the availability of resource, and
The current consider detailed constraints on the application of funding to the intended
Investment options for delivery, purpose - in particular in respect of the appropriateness
Strategy for including in respect of of available financing structures given the requirement
Northern the levels of support to cover risks associated with loans to private
Ireland available to different households. Financial support from the EU investment
predates the categories of pipeline in the 2015-17 period could provide a secure
HEaT household, and of and stable financial environment for the further
proposal. The potential sources of development and rollout of the programme.
Strategy is funding.
under review
and will be
updated to
reflect
developments
since its
publication.
Energy Union Electricity Offhsore wind private The UK remains committed to delivering Yes Various. 5 projects 21.3 10.4 Barriers: Future offshore wind project will be installed
Generation: development, sector 15 per cent renewable energy by 2020. FIDer contracts in in deep waters, which considerably increases
Offshore Wind including In order to meet this target, the place. construction and maintenance costs. There is lack of
specific government estimated that the UK investment appetite to support high capex projects with
projects of needs at least 30 per cent of its not sufficient returns on investment. Solution: EIB
around electricity generation to come from debt financing or loan guarantees.
2667MW renewable sources by 2020. Offshore
(Dudgeon; wind plays a crucial role in delivery of
Burbo Bank the target with 3.8GW of installed
Extension; capacity, 1.4GW under construction and
Walney with an aspiration for 10GW installed by
Extension 2020. In particular, 5 projects have
Hornsea, FIDer contracts in place and are aiming
Beatrice) to reach financial close before 2016,
with estimated potential additional
financing required of up to £7.4bn given
market conditions.
Efficiency in Energy and of Social to support domestic energy efficiency the Programme is a Investment Strategy for Northern Ireland. The Strategy
Buildings Thermal Developmen measures through a combination of Programme commitment in the is under review which provides an opportunity to
Efficiency t (Northern grant and loan payments, and the aims to utilise Economic Pact between address this issue. No confirmed funding is in place
Programme Ireland) provision of guidance and support to the already the UK Government and for the project. Potential sources of funding are being
(HEaT) homeowners, tenants and private announced the Northern Ireland explored, however each of the identified options is
landlords. It is estimated that £54 Financial Executive. An materially constrained in respect of either availability of
million of public funds will leverage Transactions economic appraisal is resource, alignment between the intended timeframe
further private investment of £86 million. Capital facility. being undertaken to for the programme and the availability of resource, and
The current consider detailed constraints on the application of funding to the intended
Investment options for delivery, purpose - in particular in respect of the appropriateness
Strategy for including in respect of of available financing structures given the requirement
Northern the levels of support to cover risks associated with loans to private
Ireland available to different households. Financial support from the EU investment
predates the categories of pipeline in the 2015-17 period could provide a secure
HEaT household, and of and stable financial environment for the further
proposal. The potential sources of development and rollout of the programme.
Strategy is funding.
under review
and will be
updated to
reflect
developments
since its
publication.
Energy Union Electricity Offhsore wind private The UK remains committed to delivering Yes Various. 5 projects 21.3 10.4 Barriers: Future offshore wind project will be installed
Generation: development, sector 15 per cent renewable energy by 2020. FIDer contracts in in deep waters, which considerably increases
Offshore Wind including In order to meet this target, the place. construction and maintenance costs. There is lack of
specific government estimated that the UK investment appetite to support high capex projects with
projects of needs at least 30 per cent of its not sufficient returns on investment. Solution: EIB
around electricity generation to come from debt financing or loan guarantees.
2667MW renewable sources by 2020. Offshore
(Dudgeon; wind plays a crucial role in delivery of
Burbo Bank the target with 3.8GW of installed
Extension; capacity, 1.4GW under construction and
Walney with an aspiration for 10GW installed by
Extension 2020. In particular, 5 projects have
Hornsea, FIDer contracts in place and are aiming
Beatrice) to reach financial close before 2016,
with estimated potential additional
financing required of up to £7.4bn given
market conditions.
