Landmark deal for London’s oldest hospital

    St Barts Hospital London

    St Bartholomew’s Hospital in London, the city’s oldest, is to benefit from a new, low carbon combined cooling, heating and power solution.

    It is the first fully financed PFI variation of its kind, delivered by Skanska and the first project under SDCL’s “Powering Health” collaboration with GE, Clarke Energy and the NHS Confederation.
    St Barts Hospital London
    The project involves the installation of a 1.4MW GE Jenbacher CCHP system with 250W absorption cooling, designed to maximise financial savings, increase efficiency of operation and improve system reliability and resilience. The CCHP solution will be delivered in conjunction with the construction of a new energy centre at St Bartholomew’s.

    The à‚£2.5 million investment will be made by the UK Energy Efficiency Investments Fund, which is managed by Sustainable Development Capital (SDCL) and funded by the UK Green Investment Bank and other investors.

    The UK Energy Efficiency Investments Fund is UK Energy Efficiency Investments 1, LP and parallel partnerships co-investing alongside it. It has been launched with a à‚£50m cornerstone investment from the Green Investment Bank and is managed by SDCL EE Co (UK) LLP, the dedicated UK energy efficiency investment arm of Sustainable Development Capital.

    The project is the first investment under the strategic collaboration formed between SDCL, GE, Clarke Energy and the NHS Confederation to finance and implement CHP solutions in the NHS, “Powering Health”.

    St Bartholomew’s was founded in 1123. The project is being procured and delivered through a variation to the existing PFI contract.

    Energy and Climate Change Minister Greg Barker said: “This is exactly the type of project which the Green Investment Bank was set up for. Technology like CCHP has the potential to make significant emissions and cost savings in energy intensive operations such as hospitals. But it requires significant financial backing, so the partnership funding between SDCL and the Green Investment Bank is something I hope will be replicated to make many similar projects a reality”.

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