LEEF co-funded, with the European Investment Bank, the London Borough of Enfield’s  energy centre and associated heat network for the Meridian Water development, delivered through the Council’s subsidiary, Lee Valley Heat Network (LVHN).

Sector
Status
Location
Ownership
Financial close
Concession term

THE BACKGROUND

LVHN will initially use waste heat from Edmonton EcoPark’s Energy from Waste facility. Combined with other sources, this will serve over 6,800 homes and businesses.

Enfield expects to save 3,000 tonnes per year of carbon dioxide compared to conventional forms of heating; equivalent to 2,800 cars removed from the road.  This provides a potential 50% CO2 savings compared to standard alternative (3,000 tonnes p.a.).

LEEF offered the Council a low cost and innovative source of finance, alongside a wider EIB facility.  As such this was the first project in the UK to be co-funded between the EIB and a JESSICA fund.

The Project was advised by DEPDU, the GLA’s Decentralised Energy Project Delivery Unit.

 

Facts

Carbon Savings

50%

Commercial and residential heat customers

6,800