Construction NewsConstruction Directory Generator Guru Ltd
Aran Acoustics A1 Environmental Services Ltd The skylight company A. Wychwood Flooring Impact Lighting Online by BEW H M James & Sons Ltd Geoff Schmitt Conway Builders ASK Acoustics Ltd Oakland Projects Ltd - Fire Protection Liberty Steel Structure Future Roofs Ltd Pro Door (UK) Ltd Stanton Bonna Concrete Ltd SRL Ltd Select Garage Doors Ltd

United Kingdom Industry News

24/04/2012

Sun Rises For Housing Associations Under New Solar Model

Forrest, one of the leading Northern social housing regeneration specialists, has teamed up with renewable energy specialist Dimplex Renewables to launch a new self-funded solar power installation model for the social housing sector.

The "Renewable Energy Finance" scheme, the first of its kind in the industry, will allow landlords to install photovoltaic (PV) technology without any capital investment.

Under the model, the Government's now reduced FIT payment scheme covers installation costs via a finance solution for up to a 15 year period.

Residents can access free day-time electricity immediately after installation and Forrest says that the programme is cost neutral from the first year.

The contractor, which last year launched its own environmental services division Forrest Green that is now spearheading the programme, has engineered the model to be future proofed against any future changes to the Government’s timetable to gradually reduce FIT payments.

- - - - - - Advertisement - - - - - -
hss

Forrest Green has already secured some of the largest and most high-profile PV installation schemes in the sector including a 3,000 home project for Wrexham Council, the largest social housing solar PV scheme in Europe.

However a number of other housing groups had shelved plans for similar initiatives in light of the Government’s decision to bring forward its timetable to cut FIT fees from April this year.

Forrest Green says that it is already under discussions with a number of major Northern social landlords about resurrecting large-scale projects which had all but been abandoned following the FIT cut.

Lee McCarren, Chief Executive at Forrest, said: "Our role is much more than that of a contractor. We are a partner to social landlords with the ability to advise them on any aspect of their property infrastructure, and develop solutions for their problems.

"The Government's decision to cut FIT ahead of schedule meant that many landlords have had to re-appraise their aspirations of tackling fuel poverty and cutting carbon through solar power.

"What we've achieved through our partnership with Dimplex is a new form of financing specifically tailored to the social housing market which will allow it to flick the switch on green power without a single penny of expenditure.

"This isn't a model which can be applied in any industry. With significant property portfolios and long-term visibility over their assets, housing associations are perfectly placed to capitalise on innovative forms of financing that still stack up despite the significant cut in FIT income.

"There has been a lot of hot air about the death of solar PV but with the right approach this energy revolution can still transform thousands of homes across the UK."

(CD/GK)
Bookmark and Share

Top Stories
23/04/2014
Energos Appoint Mott McDonald
23/04/2014
Balfour Beatty Secures Maintenance Contract
23/04/2014
Derbyshire's Regeneration Site To Be Expanded
23/04/2014
The Berkeley Group Scoops Queen's Award
23/04/2014
Govt Unveils Eight Renewable Electricity Projects
23/04/2014
Work Begins On Crawley's 14th Neighbourhood
23/04/2014
Wates Awarded 'Be Fair' People Accreditation
23/04/2014
Skanska To Create Around 1,500 UK Jobs
17/04/2014
Balfour Beatty Begin On £11.6m Project
17/04/2014
Plans Approved To Redevelop The Warner Stand
Construction News Archive
Submit News Story
Editorial Staff
home
UK Construction Industry News
Energos Appoint Mott McDonald
Balfour Beatty Secures Maintenance Contract
Derbyshire's Regeneration Site To Be Expanded
The Berkeley Group Scoops Queen's Award
Govt Unveils Eight Renewable Electricity Projects
Work Begins On Crawley's 14th Neighbourhood
Wates Awarded 'Be Fair' People Accreditation
Skanska To Create Around 1,500 UK Jobs
Balfour Beatty Begin On £11.6m Project
Plans Approved To Redevelop The Warner Stand
Building Starts On Manchester Leisure Centre
£68m Improvement Scheme Announced For A477
Subscribe to email news

national News
Hospital Kidney Deaths Might Be Avoidable
Primark Sees Profits Up 26%
Budget Deficit Falls By 6% In 2013
'Irresponsable' Center Parcs Advert Banned
Nice To Block New Breast Cancer Drug
Eight Renewable Energy Projects Approved
Dying Teen Stephen Sutton Close £1m Cancer Charity Target
Violence Falls For Fifth Consecutive Year As Alcohol Prices Rise
Three Children Found Dead In London House
House Of Commons To Debate Second Reading Of High Speed Rail Bill
RMT Announce Five Days Of Strike Action Over Closures
Co-Op Group Announce £2.5bn Loss
Life For 21-Year-Old Who Beheaded His Girlfriend
Other News In Brief
Construction News Archive
download the build app from the app store
Traffic is ABC certified
ppa.co.uk
Elite Precast Concrete Ltd PPD Grease Traps Ltd MJB Display Ltd Chicago Glass (UK) Ltd Grundys (Ironmongers) Ltd First Solution Online Shaws Bespoke Joinery LLP Fronius UK Ltd Basement & Drainage Systems Ltd DIY Wetroom.com Saims Uk Herpetosure Invasive Solutions Ltd Miscellanea Discontinued Bathroomware Steni Uk Ltd Carpet Tiles Next Day MMA Joinery Specialists
Sliding Sash Solutions
Flagship Media Group Ltd
Unit C3, 6 Westbank Drive, Belfast,
BT3 9LA, Northern Ireland
Tel (+44) 28 9031 9008
Contact : Click here
Website Terms and Conditions

keycons003 / keycons003x17 23/04/2014 17:25:45 / A4 / B3 / 0, 54.198.34.238 / BOT1

Sun Rises For Housing Associations Under New Solar Model - Forrest, one of the leading Northern social housing regeneration specialists, has teamed up with renewable energy specialist Dimplex Renewables to launch a new self-funded solar power install