Financial & Commercial Advisory Services
Amberside Advisors supporting bidders for Bristol City Leap project
October 2023
Bristol City Leap is an innovative partnership between Bristol City Council and Ameresco Ltd which will accelerate green energy investment in Bristol and help towards decarbonising the whole city.
Over the next five years, Bristol City Leap will invest nearly £500 million into low carbon energy infrastructure, such as solar, wind, heat networks, heat pumps and energy efficiency measures.
Project details
Client:
Vattenfall UK
Sector:
Energy Transition
Subsector:
Heat Networks
Service:
Commercial advisory, Transaction Modelling
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Amberside Advisors has previously supported a bidder for the proposed city heat networks, and has been appointed in particular to provide financial projections and modelling of the four core city heat networks and four further extension projects. As part of the project, we have built a highly complex proposal with eight separate heat networks covering different parts of the city all reflected with separate build out profiles and pulled into an overarching TopCo model to reflect the ownership structure. Two projects were in the build out phase and partially operational with others more future facing.
Our team, which includes the former Commercial Lead for one of the shortlisted bid consortiums, is now supporting the winning bidder - Vattenfall, with both operational modelling for Bristol Heat Networks Limited and submitting successful public sector grant applications for schemes, such as the Green Heat Network Fund (GHNF) and the Heat Network Efficiency Scheme (HNES).
