With GIB funding, a 1.3 MW CHP unit will be installed at Cheltenham General Hospital in Gloucestershire. The system is expected to reduce the hospital’s energy costs by 40%, as well as cutting greenhouse gas emissions by 30%.
To fund the £3.1 million project, in addition to the GIB funds, the Aviva Investors REaLM Infrastructure Fund will provide £1.1 million. The project will also receive a £900,000 grant from the Department of Health.
‘Dealing with more than a million patients every 36 hours across some 2300 hospitals, the NHS is a heavy user of energy. I am delighted to see the Green Investment Bank making another NHS investment, helping save money and reduce emissions,’ said Norman Lamb, minister of state for health.