The Cathedral of St John the Baptist received a significant financial boost after entering into an AMP Clean Energy boiler buyback deal. As well as providing the Cathedral with a cash injection for its 360kW biomass boiler, AMP Clean Energy repaid a grant the Cathedral received for the boiler’s original installation.
AMP Clean Energy now owns and operates the boiler which means it has taken over responsibility for day-to-day and future boiler service and maintenance. The Cathedral now simply pays AMP Clean Energy for the sustainable, renewable heat it uses.
The move means that a team of experts now operates Norwich Cathedral’s boiler, which includes optimising boiler performance to ensure maximum efficiency and minimise downtime. AMP Clean Energy provided the boiler funding and ongoing service and maintenance through an energy supply agreement, known as an ESCO.
The biomass boiler has been good for the Cathedral, helping to reduce the costs of heating this large building. The energy supply agreement has proved ideal for us in many ways. It has given us a lump sum payment to help reduce our overheads, reduced our boiler maintenance costs to zero, and removed the operational time we input. All the servicing is taken care of by experts, so all we have to do is pay for the fuel we use.— Gavin Wood, General Manager at the Cathedral of St John the Baptist, Norwich
20 years of low cost, low carbon heat
The cathedral originally received funding for its biomass project in 2009, but the grant’s conditions meant that they were not eligible for payments when the governments Renewable Heat Incentive (RHI) was launched in 2011.
Now, the ESCO operated by AMP Clean Energy provides reliable, low-carbon heat for the next 20 years, in addition to a substantial lump sum to help the cathedral with its other significant running costs. This has been achieved by AMP Clean Energy paying back the grant and successfully applying for, and receiving, RHI payments to fund the boiler buyback deal.
Our biomass energy supply agreement provides benefit for all parties. We are finding that increasing numbers of organisations are keen to do this, because it makes their lives much simpler and frees up valuable capital that they would normally not have access to.— David Newman, AMP Clean Energy's Business Development Manager
Cathedrals and churches are particularly good candidates for an ESCO arrangement as they have high ongoing maintenance costs, and here AMP Clean Energy can help by increasing their funds and reducing their monthly outgoings.
AMP Clean Energy energy supply agreements work perfectly for any organisation, particularly organisations that could benefit from a large lump sum (assuming that a biomass boiler is already installed) and the simplicity of paying for the heat they use without the need to look after their boiler’s maintenance issues.
For more information about AMP Clean Energy’s Biomass Boiler buybacks contact email@example.com or call 0800 157 7331.