Transition Network Conference 2012 - Community Energy Workshop - Bath & West Community Energy
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Transition Network Conference 2012 - Community Energy Workshop - Bath & West Community Energy

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Part of the 'Bringing Power to the People: starting your own community renewable energy project' workshop held at the Transition Network Conference 2012, London, UK. ...

Part of the 'Bringing Power to the People: starting your own community renewable energy project' workshop held at the Transition Network Conference 2012, London, UK.

Presented by Chris Rowland of OVESCO, Peter Capener of Bath and West Community Energy, Allan Shepherd, author of "The Home Energy Handbook", and Frank Gordon of Westmill Solar Cooperative. Chaired by Peter Lipman of Transition Network.

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    Transition Network Conference 2012 - Community Energy Workshop - Bath & West Community Energy Transition Network Conference 2012 - Community Energy Workshop - Bath & West Community Energy Presentation Transcript

    •     B a t h   &   We s t   C o m m u n i t y   E n e r g y    G E N E R A T I N G   L O C A L   E N E R G Y     P e t e r   C a p e n e r   :   C h a i r   September  2012  
    • Where  we  started  in  2009  …….                             …...set  up  as  a  Community  Benefit  Society  in  2010   2  
    • Recurring  themes  in  early  discussions……  Community  benefit  at  centre    Do  the  easy  things  first    Financial  sustainability    Be  ambitious  and  build  scale    Offer  financial  as  well  as  social/environmental  dividend     3  
    • Bath  &  West  Community  Energy   “Our  vision  is  to  create  a  financially  sustainable  social  enterprise   that  will  deliver  renewable  energy,  energy  efficiency  and  energy   supply  via  strong  community  model  that  builds  community   resilience.”     4  
    • Our  mid  term  targets....    2014-­‐2015    •  6MW  of  projects:    solar  (1.8MW),     wind  (3MW),  Heat  (0.8MW)  and   hydro  (0.4MW)  •  £11  m  raised  in  debt  and  equity  •  £275k/year  to  Community  Fund  on   average   5  
    • Achievements  in  2011/12……  • Raised  £1  million  loan  finance  from  SSE  • Successful  EIS  approved  share  offer  -­‐  Raised  £750,000  from  nearly   200  members  • Installed  362kW  Solar  PV  on  10  schools  and  community  buildings  • Installed  250kW  Solar  PV  system  linked  to  a  business  park  • Paid  members  7%  interest  in  first  year  • Established  an  important  and  valuable  co-­‐operation  agreement   with  B&NES  Council  –  secured  £100,000  grant  • Successful  energy  efficiency  in  schools  project  under  LEAF   6  • Identified  potential  wind  &  hydro  sites  
    • How  we  operate….       Individual  investors  -­‐  £20k   maximum.  Investment  goes   Development  loan/ into  projects   grant   BWCE  –  Develop,  Finance,   Own  &  Operate     Individual  investors   Renewable  Energy  Projects   Special  Purpose  Vehicles   (SPVs)  -­‐  Portfolio  of  projects   of  same  technology  invested   Local  community   at  same  time     enterprise  operating  as  part   of  BWCE  family.  Controlling   community  fund  from  local   Debt  from  corporate   projects.   investors  and  banks   7  
    • Reflections…….  What’s  worked  well   ….still  to  do  •  Partnerships     •  Secure  medium  scale  bank   •  SSE   finance   •  B&NES   •  Carbon  Leapfrog   •  Help  establish  partner     community  enterprises  •  Development  work     •  Secure  more  development  •  Share  offer   finance    •  Momentum   •  Integrate  energy  efficiency      •  The  team   8   •  Become  financially  sustainable!