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FINANCE

The benefits of best practice

There are many financial options available to public sector bodies and housing associations wanting to make the move towards solar photovoltaic energy (PV), argues David Kemp.

When it comes to making important business decisions, understanding the options available can vastly improve your chance of success, which is why the need to demystify possible developments in the energy efficiency market has never been greater.

To support organisations operating in the ever evolving housing sector with new projects, Re:allies' briefing sessions will explore various hot topics throughout the year.

The first of these four events, which took place in Manchester last week, focused on the options available to public sector bodies and housing associations wanting to make the move towards solar photovoltaic energy (PV). The session gave attendees the chance to gain insight from key solar PV industry specialists and housing providers on a wide range of best practice examples, lessons learned, industry tips and case studies.

Delegates received information on: the latest developments to Government policies which support energy efficiency, notably the feed in tariff (FIT) renewable energy financial support mechanism; why these policies are relevant to them; and what the future of the policies looks like. All of this was provided by a DECC FIT policy review group member, allowing attendees to ask any questions and clarify information with an expert in the field.

Another key theme of the day came in the form of case studies, specifically from housing associations Stockport Homes and Gentoo Group, which have ‘on the ground' experience of implementing PV measures.

Each association gave an overview of the financial aspects of the project, handy tips on developing the business case for investment and the timeframes needed to meet targets. As each of the organisations funded their project through different methods, (self-financing / refinancing and funded), attendees were given the information they need to choose the method which works best for them.

To educate delegates on the various pressures they might face when project managing PV installations, an insight into the supply chain was given by international procurement company, Solarking UK. It was highlighted that, in terms of PV, performance isn't the only consideration a company needs to take. The top tips shared were to maintain a good relationship with manufacturers and be prepared to factor in time and cost pressures in terms of procuring materials.

Alongside the array of industry advice, the event featured numerous networking slots, and gave delegates the chance to exchange insight on their PV experiences with their peers.

Re:allies' next event will take place this summer and will feature best practice, support and advice on the welfare reform and social responsibility. To be kept up to date about the next event, please email support@procure-plus.com.
 

David Kemp is sustainability manager at Re:allies

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