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ENGIE lands £90m deal in Edinburgh

ENGIE has partnered with Edinburgh St James, the 1.7 million sq ft development to develop and operate a new low carbon decentralised energy scheme, worth £90 million.

The 33-year partnership will develop and operate a new low carbon energy scheme at Edinburgh St James, which will:

  • Offer substantial savings in terms of capital and operational expenditure;
  • Save occupiers the costs of onsite plant provision;
  • Serve all homes and businesses at the site with affordable heat and chilled water for cooling (where needed)
  • Ensure cost-savings and a low carbon footprint
  • Encourage sustainability and recycling throughout the site, by using electricity generated from the Energy Centre to supply power elsewhere.

By using a low carbon and cost-effective energy solution through the onsite Combined Cooling, Heat and Power (CCHP) energy centre, ENGIE will meet all residents’ and occupiers’ energy needs, right on their doorstep.

CCHP typically has an energy efficiency of over 80 per cent compared with 56 per cent for a more conventional system. In addition, allowance has been made for expansion of the service into even more sustainable technologies as they are developed.

The new energy centre is a part of the Growth Accelerator Model (GAM) agreement between Edinburgh St James, the Scottish Government and the City of Edinburgh Council. The funding from this innovative partnership is helping to regenerate the capital’s east end, with ENGIE’s recent deal the latest in a series of projects that have already benefitted the local community and city as a whole.

ENGIE has been working closely with Edinburgh St James since 2016 when it was appointed preferred bidder, to agree future sustainable energy proposals for the site. Under the terms of the new partnership, ENGIE will design and fit out a basement energy centre, adopt the district heating and cooling network from Edinburgh St James and provide ongoing operation and maintenance, including lifecycle responsibility for the scheme.

Andrew Hart, Managing Director for ENGIE’s Urban Energy business, said: “This hugely significant project will be transformational for the city of Edinburgh.  We have been involved in conversations surrounding the future of the scheme for several years so it’s fantastic to have agreed our part in bringing it to fruition.

“Too often, energy is an after-thought when it can bring remarkable benefits to a scheme of this size.  The fantastic thing about Edinburgh St James is that they saw, very early on, how important a factor this would play in the successful delivery of the scheme. It will also play a role in supporting the City of Edinburgh’s target of net zero carbon by 2030.”

ENGIE is anticipated to complete the centre in late 2019. The retail element of Edinburgh St James is set to open in October 2020.

 

 

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