community heat schemes
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Energy4All
• UK’smainincubator of community-scalerenewableenergyco-ops
• Formed 2003
• Workingwithwind, hydro, biomass, biogas, PV
• 7 windco-ops
• ~6000 co-opmembers
• ~£15m invested
Community ownership
• The right scale to make a difference to CO2
• Support local economy, local control
• Create ethical investment opportunity
• Engage people with renewables
• Replicable model
Westmill Wind Co-op• First 100% community-
owned wind farm in SE England
• 5 x 1.3MW turbines
• Capital raised by co-op share issue
• £4.4m from 2000 shareholders
• Development cost taken by farmer Turbines erected Jan 2008
West Midlands Renewable Energy
We are here
Sharenergy Projects 2010
3-12
10-80
Members
Supporters
Each Project:
Sharenergy
• £750,000 over 3 years from RDA
• Revolving Investment Fund
• Development funding
• Repayable on success
• Rural West Midlands Only
• Multi technology (wind, hydro, biomass, biogas, PV)
• Led by Community Groups
• FiTs (&RHI) enable new models
Smaller wind farms, single generators or installations in lower wind speed areas
Medium scale wind
Heat and power or just heat from locally sourced wood fuel.
Biomass projects
Biogas digesters using waste from local homes, food businesses and farms
Anaerobic digestion
Run-of-river hydro schemes
Small hydro
Large roof or ground mounted arrays
Community PV
Financing the project
Construction costs• Turbines, panels, etc
• Groundworks
• Grid connection
• Installation
Development costs• Initial assessment
• Feasibility work
• Technical assessments
• Planning and Permitting
• Legals
• Co-op setup
• Marketing
Highest LowestRisk-o-meter
Construction costs
• Grant
• Renewable Energy
• Community
• Loan
• Bank
• Other lender
• Private investment
• Venture capital
• Co-operative share offer
• Grant
• Renewable Energy
• Community
• Loan
• Bank
• Other lender
• Private investment
• Venture capital
• Co-operative share offer
Construction costs
FiT compatibility
Size / Recession
Security / Proportion
Who has the money?
Want a big return, 10-20%
Proven model
Development costs• Grant
• Renewable Energy
• Community
• Loan
• Bank
• Other lender
• Private investment
• Venture capital
• Co-operative share offer
Development costs• Grant
• Renewable Energy
• Community
• Loan
• Bank
• Other lender
• Private investment
• Venture capital
• Co-operative share offer
FiT compatible if not for capital
Multiplier effect
No Security
Soft Loan?
Too risky
Too risky usually
Development costs• Grant
• Renewable Energy
• Community
• Loan
• Bank
• Other lender
• Private investment
• Venture capital
• Co-operative share offer
FiT compatible if not for capital
Multiplier effect
No Security
Soft Loan?
Too risky
Too risky usually
Sharenergy
Energy Prospects
• Partnership with developer
330kW wind turbine
Maintenance
Land rental, rates
Insurance
Admin
Depreciation (20 yrs)
Interest
Members Return
7%
Capital 750000
Income 150000
Maintenance 10000
Land rental, rates 15000
Insurance 10000
Admin 10000
Depreciation (20 yrs) 37500
Interest 15000
Members Return 52500
Reduce CO2 ✓Ethical local investment ✓Involve people in renewables✓Other income ?
Target return for raising £1m: 10%
Cutting out:
Overpriced consultants
Vague feasibility studies
Dream land economics
Proven co-op modelLack of risk finance
The Pot
Action Plans
Do-it-yourself
DIY
Join our network for info and discussion:www.sharenergy.coop/network
Sign up for Energy Steps to get up and runningwww.energysteps.coop
Trial our brand new Wind Pack or tell us about your projects and what you needjon.halle@energy4all.co.uk
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