LOW CARBON BUSINESS VENTURES

Good Energy
In the run up to the introduction of competition in the UK retail domestic electricity sector in 1998, ESD helped to establish the UK's first green power company. Originally called Unit[e], Good Energy supplies 100% renewable electricity from the natural energy of wind, sun, or running water. For every unit of electricity used by a Good Energy customer, Good Energy promises to buy a unit of electricity from a renewable power source and supply this to the grid.

Good Energy submits Renewable Obligation Certificates to OFGEM meeting the small percentage required by the UK government. They then go beyond this requirement by retiring extra Renewable Obligation Certificates up to an equivalent of 10%. This creates additional demand for renewable generation and grows the market as a whole. As a result, Good Energy's green electricity tariff has been consistently recommended by Friends of the Earth.

Ambient Energy
Now part of the Novera Energy group, Ambient Energy was established as an ESD joint venture after its acquisition of the new renewable energy business previously owned by South Western Electricity in December 1997. Ambient Energy was a project development company aiming to develop a range of biomass and wind projects under the UK's Non-Fossil Fuel Obligation. Prior to its sale to Novera in 2000, Ambient Energy successfully developed the technical design, power purchase agreement and planning application for a 5 MW biomass-fuelled power plant located in the east of England.

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