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The Low Carbon Economy Ltd

13 Jan 2010 09:01:06

Fund rewards low carbon enterprises in north-west



Fund rewards low carbon enterprises in north-west
Winners of a competition to find the best low carbon projects in the north-west region have been announced.

The £2 million Carbon Challenge Fund (CFF) was set up in May last year by the Northwest Development Agency (NWDA) to support enterprises that will lower the carbon footprint of the area.

Among the successful bidders for £100,000 of funding each were the hydroelectric company Water Power Enterprises, energy-efficient air-conditioning makers Diodes Zetex Semiconductors Ltd and a sewage treatment plant owned by United Utilities.

Water Power Enterprises plans to create a community micro-hydro scheme in Stockport, which is expected to produce enough for 40 homes in the area, resulting in savings of 81.25 tonnes of CO2 a year.

The company plans to replicate the project in three key sites and will become a social enterprise enabling communities to take charge of their electricity production.

The NWDA claim that the projects collectively will make savings of more than 17, 350 tonnes of carbon emissions and safeguard at least 75 jobs in the region.

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