Islington CHP
The London Borough of Islington asked Carbon Descent to undertake a preliminary assessment of the potential for CHP at three sites within the borough and an analysis of the opportunities for connecting to private street properties through a district heating network. The report provided projected implementation time lines, advice on the London context as well as possible financing options.
The report established that all three schemes would produce substantial CO2 savings. All three schemes were financially attractive as public sector investments (using a discount rate of 3.5%) over a 25 year period, however as private sector investments (using a discount rate of 10%) their viability would be marginal.
Following this report Carbon Descent has worked with the London Borough of Islington to develop a finance proposal to implement one of the identified schemes.