Bro Dyfi Community RenewablesBro Dyfi Community Renewables Ltd
Nordtank 500kW Vestas V17 75kWBro Dyfi Community Renewables Ltd
Brief History of BDCR BDCR formed 2001 with X shareholders Industrial and Provident Society V17 75kW machine commissioned 2003 2nd share issue in 2006 for Nordtank 500kW wind turbine with additional X shareholders Total of 208 shareholders, including Ecodyfi Nordtank 500kW commissioned in 2010 Generation since then of over 1000MWh for both turbines, equivalent to 212 local homes Managed by volunteer committee of 8 peopleBro Dyfi Community Renewables Ltd
Capital costs Contingency & spares Purchase and Design, labour 9% access & management 24% 9% Finance and planning costs 4% Construction Turbine incl MS4 including removal refurbishment 28% Total £328,000 26%Bro Dyfi Community Renewables Ltd
Finance - raising the capital Grant Equity (BDCR) 11%, £35k Investors, REIC Grant Loan (ecodyfi) 13%, £43k Co-op bank, Finance Wales, Shares (investors) 5 years 53%, Loan £175k Grant 14%, £45k MWEA, WDA to Shares ecodyfi for shares (payment) 9%, £30k WDA to BDCRBro Dyfi Community Renewables Ltd
Financial return Projected return over 15 years ~ 7.5% V17 projected return ~ 7.0 % Overall return to 2020 ~ 8.2% all figures gross, incl. inflation at 2.5%16.0%14.0%12.0%10.0%8.0%6.0%4.0%2.0% Gross return V17 return NTK return0.0% 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019Bro Dyfi Community Renewables Ltd
Current shareholders Number of shareholders Shareholders investment Scotland Europe Europe Scotland 1% 0% 0% 4%England 35% England Local 39% 48% Local 58% Other Wales Other 6% Wales 9% 208 £213,000 exc ecodyfi Bro Dyfi Community Renewables Ltd
Nordtank(Nora’s arrival)Bro Dyfi Community Renewables Ltd
Nora’sinstallation picturesBro Dyfi Community Renewables Ltd
Conclusions Community renewables can bring economic and environmental benefits Significant reward for shareholders who feel they are actively contributing to efforts on climate change Requires considerable commitment from a group of people Essential to use experts in development stage and have paid administrative and O&M for operational stage Community renewables projects are a practical and effective proposition – we have proved they can work!Bro Dyfi Community Renewables Ltd
Thank you from BDCR and good luck with your community energy projectsBro Dyfi Community Renewables Ltd
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