Summary:
- The Kensa Group has launched a funding and delivery package for large-scale new build developments.
- Ground-breaking zero cost shared ground loop array infrastructure paves the way for developers to embrace widespread deployment of ground source heat pumps in new build housing.
- Approach makes ground source heat pumps cheaper than air source heat pumps and in many cases, cheaper than gas boiler systems.
Read the full article at KENSACONTRACTING.COM
The UK Government has recognised the value of this 100-year infrastructure investment and have made changes to the Non Domestic Renewable Heat Incentive (RHI: this scheme has now closed – please visit this page to explore other funding) regulations with regard to deeming and split ownership making Kensa’s funding mechanism for multiples of properties possible.
The move is timely following the UN’s Intergovernmental Panel on Climate Change (IPCC) reporting that urgent action is needed to phase out fossil fuels by 2050 if we are to limit global warming rises to 1.5C, and the Committee for Climate Change recommending an end to new gas grid connections by 2025. According to Kensa Group Managing Director, Simon Lomax:
This offer should signal the end of air source heat pumps and gas in new build developments. It is widely understood that ground source heat pumps are more efficient, reliable and durable but their issue has always been the cost of the ground array. We have now solved this problem. Kensa can fund, install, own and maintain the ground array which means this cost is no longer borne by the developer. Very simply, we supply the underground infrastructure at zero cost.
The 2018 RHI (this scheme has now closed) Regulations included an important refinement; along with clarification regarding split ownership arrangements, for the first time, Non Domestic RHI (this scheme has now closed) quarterly payments for residential properties linked to Shared Ground Loop Arrays are now based upon the deemed heat consumption taken from the Energy Performance Certificate, prompting funders to back Kensa’s offer of ground arrays at no charge to the housing provider.
Read the full article at KENSACONTRACTING.COM
