Gas and Electricity supplier E.ON is launching a business service which promises to cover the upfront cost of carbon saving projects as part of a ‘no-gain, no-fee’ style arrangement. The energy company has joined up with onsite renewables specialist Self Energy UK to provide a new Energy Performance Guarantee – EPG service.

The EPG scheme has been designed in a similar way to the government’s recently announced Pay As You Save green home loan scheme which allows businesses to pay back the initial upfront cost of building improvements over time via reduced energy bills.

Under the scheme, E.ON’s Sustainable Energy business and Self Energy UK will pay for the installation of onsite renewable energy systems for example rooftop solar panels and wind turbines.

Then, alongside the technology E.ON will utilise the development of a new energy use strategy which has been designed to deliver “guaranteed” energy savings that exceed the cost of implementation, thus allowing customers to benefit from cost savings while still paying back the initial investment amount – So, should the cost savings fail to materialise, the customer shall not be obliged to pay back the upfront costs.

Michael Woodhead, managing director of E.ON’s Sustainable Energy business, stated:

“We’ll fund and fit efficiency measures, with none of the financial burden going to our customers… The upfront costs are ours and customers only pay from energy savings that they make over a fixed contract period – it’s a win-win situation for them”

Source: businessGreen

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Clipper Windpower is to get a new chief executive after the loss making firm replaces him with an executive from its new American backer, reports The Daily Telegraph.

United Technologies Corporation took a 49.5% stake in Clipper Windpower towards the end of last year and the new chief executive is Mauricio Quintana, a former director of United Technologies.

Clipper Wind has been struggling for orders during the recession and yesterday announced it expected to make a second half loss of $120 million – similar to its first half loss.

Only last year the company received a £4million grant from the Department for Energy and Climate Change to provide funds for a turbine factory in the North East. Clipper Windpower has confirmed that it plans to make the world’s largest turbine blades at the factory.

The company has many wind farms in America and the renewable energy business now wants to supply more turbines for the developing UK offshore wind market.

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Source: The Daily Telegraph

A new company has been launched to take advantage of Feed-in Tariffs (FiT), reports Green Wise. Vigor Renewables will partner landowners, commercial property owners and managers in order to develop and operate sites generating electricity from solar and wind power.

Vigor Renewables and other similar companies are hoping to develop the market which is expected to emerge as the result of the FiTs which will come into effect next month. They will install and operate renewable technologies and at the same time provide the owner with rental income or discounted electricity prices for the length of the feed-in tariff payment.

Vigor Renewables is currently negotiating over options for 15 sites where they will develop small scale renewable electricity generation and the first project should get under way this summer.

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Source: Green Wise