Co-operatives UK

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Co-operatives UK

  1. 1. Developing and extending the co-operative sector Co-operatives & Renewable Energy: best practice in the United Kingdom
  2. 2. UK policy context <ul><li>EU renewables target 20% by 2020 – UK 15% </li></ul><ul><li>UK current position 5.1% </li></ul><ul><li>Department for Energy & Climate Change </li></ul><ul><li>World’s first carbon budget – cut of 34% by 2020 </li></ul><ul><li>Other budget commitments: £45m for small-scale renewables; £25m for community heating schemes </li></ul>
  3. 3. Best practice: Energy4All <ul><li>Began with Baywind Energy Co-operative </li></ul><ul><li>Inspiration from Europe? </li></ul><ul><li>Baywind formed in 1996 – community in Cumbria, NW England, to invest in local wind farm </li></ul>
  4. 4. Baywind Energy Co-op <ul><li>Industrial & Provident Society model – enables democratic community ownership </li></ul><ul><li>Minimum shareholding of £300, maximum £20 000 </li></ul><ul><li>Eligible for tax relief – Enterprise Investment Scheme </li></ul><ul><li>First share offer £1.2m to buy 2 turbines </li></ul><ul><li>Second share offer raised further £670 000 to buy 1 wind turbine </li></ul><ul><li>Preference for local investors – 40% surrounding area </li></ul><ul><li>Over 1 300 members </li></ul><ul><li>2006 – 6.65% gross return to investors </li></ul>
  5. 5. Energy4All <ul><li>Meet demand for advice following success of Baywind </li></ul><ul><li>7 wind co-ops </li></ul><ul><li>Raised over £13m equity </li></ul><ul><li>Over 7 000 members </li></ul><ul><li>Local energy conservation funds </li></ul><ul><li>Pay attractive annual return </li></ul><ul><li>Two Energy4All models: </li></ul><ul><ul><li>100% owned </li></ul></ul><ul><ul><li>stake </li></ul></ul>
  6. 6. The Co-operative Group <ul><li>World’s largest consumer co-op, £10bn turnover, 3m active members </li></ul><ul><li>99% of electricity for 4 000 retail outlets from wind & hydro </li></ul><ul><li>2004, CFS agreed £4m 8yr green electricity purchase agreement – six new wind turbines in East of England </li></ul><ul><li>15% of electricity from own wind farms by 2012 </li></ul>
  7. 7. The Co-operative Group <ul><li>2006 – 16MW eight-turbine wind farm on own farmland in East of England </li></ul><ul><li>2008 – planning permission for seven-turbine extension & for 28MW, 14-turbine wind farm on land in North East England </li></ul><ul><li>CIS Tower is UK’s largest ever solar power installation – 7 000 pv cells </li></ul>
  8. 8. The Co-operative Group <ul><li>Green Energy for Schools programme - £2m fund for free solar pv panels for 100 schools across UK </li></ul><ul><li>2008 – retail outlet agreed purchase of electricity from co-operatively owned small-hydro project </li></ul>
  9. 9. Where next? <ul><li>Huge potential for growth </li></ul><ul><ul><li>changing UK policy context </li></ul></ul><ul><ul><li>learning from Europe </li></ul></ul><ul><ul><li>other technology – heat, biomass, hydro </li></ul></ul><ul><li>But still major barriers…planning permission, finance, support </li></ul><ul><li>Co-operatives UK & members lobbying hard for greater role for co-ops </li></ul>
  10. 10. Mary Rayner, Policy & Research Officer [email_address] Developing and extending the co-operative sector

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