Low Carbon, the renewable energy investment firm has invested in Energy Networks Europe in a bid to increase its presence in the combined heat and power space.

ENE is a joint venture between Low Carbon and a development consortium including Urbis Living and First Generation (UK) Limited, a company that designs, builds and operates CHP systems and networks.
Low Carbon
Low Carbon is specifically seeking to diversify its portfolio through investment in CHP and district heating projects, according to Business Green website.

The carbon emissions reduction potential involved in CHP is an attractive proposition according to Steve Mack, head of investments at Low Carbon, who stated, “Heating is the largest part of the energy demand in the UK, comprising an estimated 78 per cent of UK consumer energy bills which have rocketed by 170 per cent over the last 10 years. Furthermore, heating is also the largest contributor to CO2 levels emitted in the UK.”

As part of its investment, Low Carbon will fund the development of all district heating projects that are developed by ENE.

Urbis Living is the lead project developer for the Bedminster project, which is expected to deliver 1,000 new homes heated through CHP, and the company is working with Bristol City Council on the deployment of the heat network.

Martin Pickard, Investment Director at Low Carbon, said the company could deliver a significant number of projects in the coming years.

“ENE has identified a project pipeline of c.100MW across 19 sites currently being considered for district heat networks. Many of these are backed by DECC, who have provided a total of £9.4m to local councils across the country to conduct studies into the feasibility of district heating deployment. The momentum is building for the support, design and build of CHP plants across the UK.”