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In his new role, Ainger will focus on guiding PfR as it moves into the next stages of development, using the initial £10 million of government support announced by David Miliband last year to leverage a further £500 million of private sector funding and build a business that will deliver 500MW of renewables capacity on public sector land.
Tom Delay, Chief Executive of the Carbon Trust, commented:
“I am delighted to announce Stephen Ainger as the new chief executive of PfR, which we created as part of the Carbon Trust’s overall role in accelerating the UK’s move to a low carbon economy. Renewables are essential to help us cut our carbon emissions which is why PfR was set up to work exclusively with public bodies to develop renewables projects on their land. Stephen’s work in energy and the public sector makes him the perfect fit to guide PfR on its important journey.”
Stephen Ainger, chief executive of Partnerships for Renewables, said:
“The market for renewables projects on public sector land offers huge potential that has not been exploited to date. If we can hit our target of developing 500MW of capacity, this will be equivalent to the energy needs of 250,000 homes and has the potential to save up to 190,000 tonnes of CO2 each year. This is an exciting venture and I look forward to working with the team to build on PfR’s successes to date and take it to the next level.”
Ainger joins the Carbon Trust following an extensive career in energy and not for profit financial services, including his most recent role as CEO of the Charities Aid Foundation, one of the principal providers of financial services to UK charities and donors in the UK and overseas. His energy expertise stems from 24 years in oil and gas exploration and production with BP. He subsequently joined the BG Group in 1999, where he was a Board Director of Transco and latterly, Group Director of Strategy and Business Development for the Lattice Group plc.
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