Asset+ secure contract with Bangor University

Asset Plus Posted 12 January 2018

Asset are proud to be working in partnership with Bangor University, who are in the top 2% of greenest universities in the world. Asset+ will be extending the Universities already impressive sustainability credentials through the delivery of an energy performance contract across their campus estate.

Bangor

Bangor University selected Asset+ to undertake a comprehensive energy performance contract to optimise the energy efficiency across their complete site campus, improving the energy performance of its assets through measured and verified energy efficiency improvements and/or energy generation, reducing emissions and saving money through guaranteed annual cost savings and/or income generation. This contract is valued at £10Million across a 3 year delivery phase with a further 8 year measurement and verification period.

The energy performance contract covers an extensive building and land portfolio with build dates ranging from the 1700’s to current day.  Thirteen building complexes have listed status with our flagship building, Main Arts being Grade 1.  The contract also covers over 230 non-domestic building assets and an extensive land portfolio including car parks, sports sites and farm holdings, totalling over 900 acres.

The energy performance contract covers an extensive building and land portfolio with build dates ranging from the 1700’s to current day.  Thirteen building complexes have listed status with our flagship building, Main Arts being Grade 1.  The contract also covers over 230 non-domestic building assets and an extensive land portfolio including car parks, sports sites and farm holdings, totalling over 900 acres.

Asset+ where secured by Bangor University through the RE:FIT framework[i] and are currently delivering the first phase buildings, which have been chosen to improve the rate of deployment of energy efficiency across the Campus. Bangor Universities aim is to improve the building fabric and efficiency of its building stock that has long-term viability. This will in turn save carbon emissions and deliver cost savings that can be reinvested in front-line services.

We are delighted to have been selected by Bangor University who’s sustainability credentials are already extremely impressive. We will be enhancing this through our award winning approach to significantly reducing energy consumption and carbon emissions via an extensive and eclectic mix of measures where we will be guaranteeing the results over the life of the paybacks.

Paul Burnett, Managing Director & Co-Founder of Asset+

Asset+ are implementing a wide range of energy conservation measures for energy and water efficiency improvements, improved controls, renewable energy and low carbon technologies along with an innovative infra red heating solution to replace systems that are coming to the end/ beyond the end of their effective life, particularly with the student accommodation blocks.

The first phase buildings are being funded through the Welsh Funding Programme which combines both the Salix Energy Efficiency Loans Scheme (SEELS) and the Invest to Save-Green (I2S) Growth finance products into one application process. Both the I2S and SEELS schemes provide funding at 0% with nominally an 8-year payback and maximum capital expenditure of £200 per lifetime tonne of CO2 saved based on Salix published persistence factors. Asset+ will be managing the application process on behalf of Bangor University.

Deployment of this programme across the 1st IGP phase buildings and potentially subsequent phases is expected to make a substantial contribution to hitting Bangor Universities commitment to reducing its Carbon Emissions by 40% from the baseline figure based on 2005/6 emissions, by 2020. A further reduction of 9.28 kgCO₂/m2 is also targeted across the Estate to achieve the Universities long-term Carbon Reduction Target. In absolute terms, this equates to a further reduction by 2020 of around 2,040 TCO₂e per year based on current floor area.

[i] Note: Asset+ are identified on the RE:FIT Framework through its parent company name of ‘Larkfleet’.

 

 

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