Projects

St George’s Hospital - LEEF

Energy

Energy Efficiency

St George’s Hospital NHS Foundation Trust entered into a £13.3m loan with the London Energy Efficiency Fund (LEEF) to finance an Energy Performance Contract (EPC) to install chillers, solar PV and a replacement energy centre

Sector

Energy

Energy Efficiency

Location

London, England

Status

Operational

Funding type

Debt - £13.3m

Financial close

July 2014

Term length

15 year EPC (10 year loan)

About

LEEF financed the installation of low carbon technologies as part of an EPC that provided guaranteed savings to the Trust and allowing St. Georges, one of the UK’s largest teaching hospitals, to put savings towards critical medical care, training and research facilities.

The St Georges project is one of the largest EPC health projects in the UK, and includes a new CHP plant, a re-modelled energy centre and broad energy efficiency retrofit technologies. This project strongly aligns with the LEEF investment Policy and will provide significant carbon reduction and energy savings.

Key impacts and benefits

Annual savings generated for the NHS

£ 0.0 m

Annual CO2 Reduction

0,000 tonnes

Reduction in annual energy usage

0,000 kWh

Sustainable Development Goals (SDGs)

2030 Agenda for Sustainable Development adopted by UN Member States in 2015

SDGs supported:

SDG contribution

Outcomes

The investment aimed to reduce carbon emissions and drive significant cost savings
Energy spend reduced by 25%, delivering £1.3m of annual savings generated for the NHS Trust
Reduction of 7,000 tonnes in CO2 emissions each year (equivalent to removing over 6,000 cars from the road)
Reduction of energy usage by 500,000 kWh
Maximise the resources that St George’s Healthcare NHS Trust is able to put into both patient care and student experience

St George’s Hospital - LEEF

About

Sustainable Development Goals (SDGs)

Outcomes

Barrow OFTO

East Anglia One OFTO (‘EA1’)

Beatrice OFTO