Financing Solar in Local Authorities - Opportunities and Barriers
The potential of solar investments in local authorities, discussing the opportunities and barriers involved. Learn about return on investment, capital expenditure considerations, and engage in discussions on the future of solar energy in public sectors.
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Presentation Transcript
Solar PV in Local Authorities Financing Solar Andrew Waggott Energy Services Team Manager Portsmouth City Council
Introduction Who has solar on a significant amount of their portfolio? Why was the solar installed? Does anyone have ambitions to roll out further solar? Or is anyone actively rolling out a solar programme now?
Opportunities Property ownership Local leadership ability to influence Public Works Loan Board and Capital Reserves Ability to accept lower returns and view nice things as part of return
Barriers Political and institutional delays and process Technical PV is complicated! Procurement Market uncertainty Convincing the beaners of the investment opportunity
Return on Investment Even post-fits; leveraged IRR can be 10% Feed in Tariff Power Purchase Agreements electricity prices will continue to rise Grid services (with storage) Less accountable things!
Capital Expenditure The Capex is likely to be the single biggest influence on the viability of a project Procure smart and in bulk if possible If a big roll out planned, use a competitive framework Monitor and react to market trends and new technology External factors have a hug influence
Discussion and Questions If you haven t done, why not? Do you have the backing of Finance? How academia can help us What effect will FITs going have? What s next?
