Projects

London Borough of Enfield - MEEF

Energy

Decentralised Energy

MEEF provided £15 million to the London Borough of Enfield to provide over 10,000 new homes and businesses with low carbon heat and hot water

Sector

Energy

Decentralised Energy

Location

London, England

Status

Under construction

Funding type

Debt - £15m

Financial close

May 2020

Term length

18 year loan

About

MEEF provided debt funding to Enfield Council to part finance the construction of their Meridian Water Heat Network. The Network is part of a £6 billion regeneration programme led by Enfield Council. The communal heat network replaces local energy generation by supplying heat and hot water through a network of new pipes. This method of energy supply is a proven technology to help reduce the amount of carbon emissions generated in heating London’s homes. The first customers are estimated to be connected to the Network from 2022 onwards.

Enfield’s energy company, Energetik, will deliver the scheme on behalf of the Council. Energetik procured Vital Energi to design, construct and operate the energy centre and heat distribution network to serve the Meridian Water development. Switch2 have been appointed to undertake the customer service operations.

MEEF secured match funding from the Heat Networks Investment Project (‘HNIP’) and Santander.

Key impacts and benefits

Annual CO2 Reduction

0,0 tonnes

Number of new homes forecast to connect into the network

0,000

Reduce nitrogen oxide released into the atmosphere by

0.0 tonnes

from 2026 onwards

Sustainable Development Goals (SDGs)

2030 Agenda for Sustainable Development adopted by UN Member States in 2015

SDGs supported:

SDG contribution

Outcomes

The investment aimed to contribute to London’s green and sustainable recovery from COVID-19, provide new job opportunities and tackle the climate emergency by providing reliable, low carbon and better value heat
10,000 new homes connected to network
The Network is forecast to save nearly 5,000 tonnes of carbon dioxide per year compared to gas-fired heating and will source waste heat from the Edmonton Energy Recovery Facility at the North London Waste Authority EcoPark from 2026 onwards.
The investment will also help to improve the quality of London’s air by avoiding the need for additional local energy generation. This will reduce the amount of nitrogen oxides released into the atmosphere by 1,600 tonnes from 2026 onwards

London Borough of Enfield - MEEF

About

Sustainable Development Goals (SDGs)

Outcomes

Barrow OFTO

East Anglia One OFTO (‘EA1’)

Beatrice OFTO