The members of the company are: British Gas Trading, Carillion, Eon Energy Solutions, EDF Energy, Gentoo, Insta, Kingfisher, Knauf Insulation, Mark Group, RWE Npower, Scottish Power Energy Retail, SSE and Willmott Dixon Re Thinking, as well as Newcastle City Council and Norfolk County Council. It is being advised by Clifford Chance, Goldman Sachs International, HSBC Bank, Linklaters, Lloyds TSB Bank, PwC, and RBC Europe.
Four people have been appointed to form the board of the company. They are: Martin Callaghan (chairman), Mahnaz Safa, Tony White and Derek Lickorish. The board will oversee the company as it prepares for the launch of the Green Deal which is targeted for Autumn 2012.
Martin Callaghan is a member of the governing council at the National College for Leadership of Schools and Children’s Services.
Tony White is a non-executive board member of The Crown Estate. He left Climate Change Capital, a bank he and four others established in 2003, but continues to provide advice to them, and others, through his company BW Energy
Mahnaz Safa has been working in the securities industry for almost 20 years, most recently as managing director and co-head of debt capital markets for Europe, Middle East and Africa at UBS.
Derek Lickorish is currently chair of the Fuel Poverty Advisory Group, a non executive director of Secure Holdings, a member of the Department of Energy and Climate Change Smart Meter Customer Advisory Panel and also a member of Ofgem’s Sustainable Development Advisory Group.
Martin Callaghan said: “A key part of making the Green Deal work is that future Green Deal Providers – the companies that will make energy efficiency improvements – should be able to access the cheapest possible underlying source of finance, to maximise the value they can bring to customers. will be a national aggregator designed to make finance available to all Green Deal Providers on an equal and open basis. By operating at a national level, it intends to minimise the operating and administration costs of Green Deals and will aim to access the cheapest sources of finance in the market at the highest possible credit rating.”