Portfolio

Property Development, St Petersburg, Russia

We were retained to undertake a technical feasibility study and to develop a commercial business case for a discreet district heating and power system for a major property development in St Petersburg. The project involved scrutiny of Russian building regulations; an understanding of the extant regulations and costs for connections to the extant district heat system (the largest in the world); development of an alternative financial model including carbon finance through VERs; and a market review of the supply chain.