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Community Energy
Finance, Leadership & Governance
2015
Pure Leapfrog registered Charity No. 1112249
Company No. 05534395 registered in England & Wales
Presentation for CPRE
Alex Germanis,
Interim CEO, Pure Leapfrog
Our Mission
To give all UK communities the
opportunity to own and generate
clean, green power and work together
to reduce energy demand by making
finance accessible and affordable.
About Us
 UK’s leading social investment provider in community
energy
• Supported over 100 projects
• Funding: loans to +20 projects, grants to +30 projects
• Professional support:
• + 12,000 pro bono hrs
• worth +£ 2m
• Half a million people benefitting from projects supported
• +4MW of community-owned renewable energy enabled
 Consulting to local authorities, renewable energy
companies, and community energy groups
 Co-administer DECC’s £10 million Urban Community
Energy Fund
Our Commitment
We will enable enough
community owned
energy to power all the
homes in Bristol
How do we support the sector?
Legal Toolkit Consulting
Affordable financeInvestment Readiness
Health warning!
 Do seek professional
advice
 Do NOT do a DYI job
 Build the right team
Mixed motivations
Tree-hugging £ Bottom Line! Politicking Well-being
You are running a business and managing the public’s investment. Do you have
the right skills and expertise on your board? How strong is your governance?
The Team a la Village People
The
Technician
Authority
figure
Law
enforcement
Local Hero Commander Logistics
Commercials
expert
Chair/CEO
Professional
Services
Comms
Business
Process
Admin
Contracts
negotiator.
Technology
expert
Big picture.
Can round up,
marshal and
lead the team
Knows the
law.
Can work a
spreadsheet
Public
engagement.
PR and
Marketing
Planner.
Sees things
through to
the end
Attention to
detail.
Negotiates
risks
* You can obviously mix and match
Considerations for your board
Do you understand all the risks?
 Financial obligations?
 Tax regimes?
How conservative is your financial model?
 Does your model take deployment delay into account?
 Are you using conservative energy & RPI inflation figures?
 Do you have contingency for cost overruns?
Have you got appropriate governance in place?
 Do you have access to professional services?
 Do you have the right policies and procedures in place?
 If you have a separate development arm, is there an appropriate service
level agreement?
How engaged are you in the community?
 How do you intend to distribute community benefits?
 How have you engaged with the community?
 What representations are there in your group?
Social Impact
What do we look for?
1. Is the social mission clearly
articulated (e.g. in articles or rules)?
2. What % of financial surplus will be
directed for social impact?
3. Do you have a plan? Has the local
community been consulted and
local needs assessed?
4. Are there representatives for
vulnerable or disadvantaged
populations involved in social
impact spending decisions?
5. Adequate monitoring and
reporting?
Wrapping up
 Any Questions?
Alex Germanis
alex.germanis@pureleapfrog.org
+44 (0)20 7825 4160
www.pureleapfrog.org
Pure Leapfrog registered Charity No. 1112249
Company No. 05534395 registered in England & Wales

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Community Energy Finance, Leadership and Governance

  • 1. Community Energy Finance, Leadership & Governance 2015 Pure Leapfrog registered Charity No. 1112249 Company No. 05534395 registered in England & Wales Presentation for CPRE Alex Germanis, Interim CEO, Pure Leapfrog
  • 2. Our Mission To give all UK communities the opportunity to own and generate clean, green power and work together to reduce energy demand by making finance accessible and affordable.
  • 3. About Us  UK’s leading social investment provider in community energy • Supported over 100 projects • Funding: loans to +20 projects, grants to +30 projects • Professional support: • + 12,000 pro bono hrs • worth +£ 2m • Half a million people benefitting from projects supported • +4MW of community-owned renewable energy enabled  Consulting to local authorities, renewable energy companies, and community energy groups  Co-administer DECC’s £10 million Urban Community Energy Fund
  • 4. Our Commitment We will enable enough community owned energy to power all the homes in Bristol
  • 5. How do we support the sector? Legal Toolkit Consulting Affordable financeInvestment Readiness
  • 6. Health warning!  Do seek professional advice  Do NOT do a DYI job  Build the right team
  • 7. Mixed motivations Tree-hugging £ Bottom Line! Politicking Well-being You are running a business and managing the public’s investment. Do you have the right skills and expertise on your board? How strong is your governance?
  • 8. The Team a la Village People The Technician Authority figure Law enforcement Local Hero Commander Logistics Commercials expert Chair/CEO Professional Services Comms Business Process Admin Contracts negotiator. Technology expert Big picture. Can round up, marshal and lead the team Knows the law. Can work a spreadsheet Public engagement. PR and Marketing Planner. Sees things through to the end Attention to detail. Negotiates risks * You can obviously mix and match
  • 9. Considerations for your board Do you understand all the risks?  Financial obligations?  Tax regimes? How conservative is your financial model?  Does your model take deployment delay into account?  Are you using conservative energy & RPI inflation figures?  Do you have contingency for cost overruns? Have you got appropriate governance in place?  Do you have access to professional services?  Do you have the right policies and procedures in place?  If you have a separate development arm, is there an appropriate service level agreement? How engaged are you in the community?  How do you intend to distribute community benefits?  How have you engaged with the community?  What representations are there in your group?
  • 10. Social Impact What do we look for? 1. Is the social mission clearly articulated (e.g. in articles or rules)? 2. What % of financial surplus will be directed for social impact? 3. Do you have a plan? Has the local community been consulted and local needs assessed? 4. Are there representatives for vulnerable or disadvantaged populations involved in social impact spending decisions? 5. Adequate monitoring and reporting?
  • 11.
  • 12. Wrapping up  Any Questions?
  • 13. Alex Germanis alex.germanis@pureleapfrog.org +44 (0)20 7825 4160 www.pureleapfrog.org Pure Leapfrog registered Charity No. 1112249 Company No. 05534395 registered in England & Wales

Editor's Notes

  1. Focus on community energy finance About PLF, our commitment + approach What does CE finance look like? About the CE finance market Preparing for investment, what are the important aspects when seeking finance?
  2. Vision + Mission + Objectives
  3. Conclusion