Coventry City Council has appointed a private sector firm to be its strategic energy partner for 15 years.
Energy giant E.ON has won the contract, which could be worth around £2bn, to significantly cut the city’s carbon emissions and support the local economy.
Believed to be the first of its kind in the UK, the partnership will see the council and E.ON work together to develop ideas and projects that will cut emissions and save money for local residents.
“It will help Coventry move ahead with a range of projects that the council would not have been able to achieve on its own,” said Councillor Jim O’Boyle, cabinet member for jobs, regeneration and climate change at Coventry City Council.
“The partnership will also bring finance from the private sector so we will be able to quickly move forward on a range of schemes to benefit the city.”
Tendered in November last year, the council had already identified five anchor projects for the initiative.