© british gas trading limited 2014 in association with: community energy for local authorities and...
TRANSCRIPT
© British Gas Trading Limited 2014
In association with:
Community energy for local authorities and housing associations
Anthony Collins Solicitors LLP 19/02/2015
© British Gas Trading Limited 2014
The opportunity: Participate in an award winning community solar PV scheme
Slide 2
Solar PV installations for Domestic and Commercial property stock fully funded
by Social & Community Finance delivering tangible community, financial
& environmental benefits for local authorities, housing associations and
their tenants.
British Gas and Gen Community are delivering £60m of community solar PV for up to 12 selected
housing organisations across the UK.
© British Gas Trading Limited 2014
Our partnership brings together a unique set of skills to deliver long-term social benefit
Slide 3
• 200 year old organisation providing long term assurance• blue chip solar PV: leading UK solar installer since 1994• financial strength• quality assurance on install plus performance warranties• long-term remote monitoring and maintenance package
The Community
• award winning community energy and social impact organisation
• investment professionals covering renewable energy, social enterprise & community benefit models
• developed UK’s first dedicated fuel poverty community solar project
• leading social investment intermediary (Peterborough & Gentoo Solar)
• UK’s first solar social bond – to deliver £60m community energy projects
• aim’s to source lowest cost of capital in order to maximise social benefit
“The community”
© British Gas Trading Limited 2014
Gen Community Model: The Community investing in renewable energy to deliver local benefitsObjectives
• deploy solar across as many homes as possible reducing energy costs & carbon
• retain maximum income stream from FiT for local benefit & social impact
Community power:• engage people on an energy journey whilst strengthening the local economy
• help address fuel poverty
• improve community well being, inclusion & financial resilience
Gen Community Model• 100% funded project – no investment required (option to invest if desired)
• locally owned, autonomous community benefit society
• facilitates local investment, ownership & governance
• provides a community fund from year one delivering local projects
© British Gas Trading Limited 2014
Project structure – CBS
“Community Power Company”
Community Benefit Society
Development & 20 year asset management agreement
Institutional Investor
LocalCommunity cash Fund
Community investors
Underwriting fund
Community Share Offer
Solar Social Bond80% of Capital
20% of Capital
Local Authority/Housing Association
(Board position on CBS)
© British Gas Trading Limited 2014
Municipal project structure – social impact
LAHA Community Power
Special Purpose Vehicle
Development & asset management agreement
Institutional Investor
Social Impact Fund
Project equity
Solar Social Bond80% of Capital
20% of Capital
Roof license
LAHA
LAHA
© British Gas Trading Limited 2014
Project specific forecasted benefits: circa.3722 suitable properties identified – potential 8.37MWp solar PV
Slide 7
c.£2.18m community fund (over lifetime)
(£40k immediately available)
Fuel Poverty Support
Improved Community support for low income
homes
Energy Behavioural
training
Social impact
Using local supply chain c.£12.34m of energy
savings
(Based on 35% usage and13p/kWh offset )
65.8k tonnes of CO2
Community Shares
c.£2.14m gross return
(6.58% IRR index linked)
Community power
What could your community do with ~£100,000 per year?
© British Gas Trading Limited 2014
Customer journey: British Gas will provide a key point of contact throughout the project
Slide 8
Stage 1 Stage 2 Stage 3 Stage 4
• Initial presentation
• NDA signed
• Site list received
• DNO approval given by client
• Budget desktop completed
• Budget proposal sent to confirm customer qualification
• Gencom approval
• LOI (Exclusivity and HoT) Sent and Signed.
• Known procurement route (framework)
• Early dialogue with DNO
• LAHA TLO to be supplied
• Detailed desktop (MPAN needed)
• Full DNO application
• Firm offer (Subject to DNO consent and technical surveys)
• LAHA license /lease approved
• EPC and O&M contract agreed
• DNO Consent
• LAHA license /lease signed by both parties
• Identified project list
• Property occupier agreement signed by tenant
• Tenant liaison and construction
Completed by end of Q2 2015
Agreements in place by Q3 2015
Construction to be discussed and agreed (subject to DNO approval)
© British Gas Trading Limited 2014
The creation of “Community Power” - local ownership and social impact
Community Benefit Society:
• locally registered Community Benefit Society – investing members/benefit community
• democratically elected board (residents & wider community)
• responsibility to deliver community cash fund and local engagement
• Gen Community will establish, administrate, provide technical & financial management
• British Gas Solar will deliver project operation & maintenance
Community cash fund:
• to support fuel poverty programs and positive social benefit programmes
• catalyst for further community projects over 20 year lifetime.
• to attract match funding for further initiatives
• recipients must be able to report on their social impact (training given)
© British Gas Trading Limited 2014
As your energy partner British Gas can offer a wide range of energy services
Slide 10
Generation Green School engagement programme
Green Deal (Private Sector)
SMART Grid Infrastructure
Electrical Vehicle Charging
Energy HubsSchools EP, Biomass and Solar proposition
Solar Scheme
Void PropertyManagement
Digital Inclusion
Industry Leading Training & learning
County wide partnership
Cardiff Council & British Gas – Energy Partnership
British Gas Solar provides access to a wider opportunity than most Solar companies
LAHA
© British Gas Trading Limited 2014
Andy [email protected]
Mark Emery
07557 618151
With thanks to Holly Southall, from Millbrook Primary School, Newport