Decision

That the Director of Delivery and Operations, in consultation with Directors, approves the changes to Bristol Energy Network’s Sustainable Innovative Financial Foundations for Turbines project, that:

1. the proposed changes to the milestones and dates which will allow the project to meet deliverables and complete the project by the end of January 2027. As set out in the table below.

·        To change two milestones by 5 months, from July 26 to December 26

·        To remove two milestones that fall outside of the scope of the grant scope

·        To change the completion date by 5 months from August 26 to January 27

Milestone changes

Milestone

Last Reported

Proposed

Planning permission applications submitted

July 26

December 26

Funding in Principle and Due Diligence commencement

July 26

Remove milestone – Falls outside of grant scope.

Financial Close on wind turbine projects

July 26

Remove milestone – Falls outside of grant scope.

Stage 5 Completed

July 26

December 26

Evaluation and project close out

August 26

January 27

Project Completion

08/26

01/27