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Where•90% of initial membership was from the BA postcode areaWho•Generally older, with an almost even split male/femaleHow many 250How Much•Minimum investment of £500•Initial average £3500•Significant number of members reinvested, average now nearer £5000

Our Members

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Partners•WWCE•FRECo•Kennet Community Energy

A Rapidly Growing Sector•Currently around 500 community energy organisations in UK•Installed around 60-70MW – 5GW by 2020?•150 community energy IPSs set up, mainly over last few years, mainly in England•Over 40 share offers raising £17 million to date

Working together…..

Westmill Community Wind & Solar

Brixton Community Solar

OVESCo Community Solar

Torr Mills Community Hydro

Neilston Community Wind

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• Raised £2.5 million from local share offers, £800,000 debt finance & £400,000 development finance

• Installed 656kW of PV. Planning and finance for further 1.25MW

• Projects over performing to date• Paid members 7% interest for last 2 years and first contribution into community fund

• Established important co-operation agreement with B&NES Council

• Helped set up 3 new community enterprises adjacent to our area

Bath & West Community Energy

Progress to date…..

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Bath & West Community EnergyOur mid term targets....

Currently developing….• Hydro, biomass & wind energy

projects• Approx 10MW in development

By 2014-2015• 5-6MW installed – aiming for

25% of local renewables target• Financially sustainable

enterprise with £11 m raised in debt and equity

• 5-6MW delivers approx £5 million to Community Fund over 20 year period

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•The potential is significant and it will get easier to deliver not harder•What do you want to do and why?•What’s the business strategy to achieve it?•Can you draw in the right skills/expertise to deliver? •Focus on building confidence & momentum •Do the easy things first & learn from anyone and everyone who is further ahead than you•Build local/sub regional partnerships

Summary

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web: bwce.cooptwitter: @BWCEemail: peter.andrews @ bwce.coop