Oldham Green New Deal Partnership Conducts Market Engagement
Oldham Council is conducting preliminary market engagement in respect of the Oldham Green New Deal Partnership.
The Council is seeking to develop a long-term energy / decarbonisation partnership for the local authority area with a Strategic Delivery Partner.
The Strategic Delivery Partner will work in collaboration with the Council, key stakeholders and organisations across the borough to bring about the transformation and decarbonisation of Oldham’s energy infrastructure.
The Strategic Partnership will facilitate Oldham’s transformation to net zero whilst improving the wellbeing of Oldham’s local communities.
The Council and Strategic Delivery Partner shall work together to originate, define, develop, finance, deliver and operate a broad range of decarbonisation projects and initiatives across Oldham.
The Strategic Delivery Partner is expected to leverage its expertise, experience, capacity and capabilities to innovate and generate holistic and deliverable energy solutions.
Town Centre Heat Network is Key to Delivery
The key anchor project will be the Town Centre Heat Network including the existing St Mary’s scheme, which will serve as the foundation for a regional Heat Network.
The Project is supported by, and is a key element of, the DESNZ / GMCA Local Net Zero Accelerator programme and the Council has additionally secured an £8.87 million grant from the Green Heat Network Fund to support the Oldham Town Centre heat network project, with plans for future expansion under the Advanced Zoning Programme.
This is an exciting opportunity to develop a long-term partnership to take forward a range of schemes over the years to come, joining a unique eco-system of public, private and community organisations for positive environmental, social and economic change and to make a significant impact on a key borough in Greater Manchester.
Market Engagement Pack Offers Further Insights
The Market Engagement Pack (available free of charge through The Chest/Proactis) contains a number of attachments including the Project’s ‘Project Information Document’ which provides a thorough overview of the Joint Venture Partnership and the opportunities it presents.
The Partnership is expected to be for an initial term of 15 years with options to extend in 5 year increments up to 25 years.
The value of the contract has been estimated according to the potential total future revenues from opportunities arising from the contract.
Although the contract has a maximum term of 25 years, it is expected that projects arising from the contract may have lifetimes of up to 40 years (for example in the case of heat networks) and so the contract value has been calculated on this basis.
Factors considered include the ratio of required capital investment to revenue for different energy technology types, proportion of domestic v commercial customers, and deliverability factors in terms of the expected proportion of projects currently identified at a high level which are deliverable in reality.
