The University of Edinburgh – District Heating Networks
The University of Edinburgh, as part of its Energy Masterplan, explored the possibility of developing low carbon district heating networks to provide the heating requirement for two of its core city centre campuses.
The University wanted to understand the financial implications of pursuing the new schemes, in comparison to the counterfactual, which in itself, was different to the ‘business as usual’, reflecting the University’s ambitious approach to further modernising its energy strategy.
QMPF was appointed to prepare the financial model and develop the Financial Case for Investment within the wider Business Case for presentation to the University’s Executive. QMPF worked closely with the University’s technical advisors, Buro Happold, using the project techno-economic models as the basis for the development of the financial models.
QMPF also supported the decision making around the project’s legal and commercial structure, advising on the optimal position in the context of the University’s existing approach to energy provision across its campuses.
Dean Drobot – Head of Energy & Utilities, University of Edinburgh said:
“The team at QMPF provided exemplary strategic planning support. They communicated key insights from their financial model very effectively, contributing significantly to our outline business case development and our understanding of risk and sensitivity”.
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