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Winner of a 2012 Ashden Award. Paul Phare – Development Manager How Community Energy Co-operatives Work.

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Presentation on theme: "Winner of a 2012 Ashden Award. Paul Phare – Development Manager How Community Energy Co-operatives Work."— Presentation transcript:

1 Winner of a 2012 Ashden Award. Paul Phare – Development Manager How Community Energy Co-operatives Work

2 Introduction to Energy4All Helping communities own renewable energy schemes E4A is a non-profit distributing social enterprise Created out of Baywind Co-operative Self financing, not reliant on the public purse Strong community ethics coupled with business professionalism Raised £16 million from over 7,000 community members Over 20MW of community-owned renewable energy

3 The Co-operative Model Works Over £16m raised through FSA regulated public offerings by Energy4All from Aberdeenshire to Oxfordshire Baywind – £1.9m Boyndie – £730k Westmill – £4.6m Fens – £2.66m Skye – £1m Great Glen– £1.3m Energy Prospects– £1m

4 Denmark mid 1980s to Present Day

5 What is a Co-operative Definition 'an association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly-owned and democratically controlled enterprise.‘ autonomous voluntarilycommon social aspirationsjointly-owned democratic

6 Energy4All Co-op Models Co-op stake in Commercial Project Social Entrepreneur led Project Community led Project Energy Prospects led Project

7 A Community Energy Co-operative Community Energy Co-operative Community Projects Community Trust Fund Investment Legal contracts Revenue Flow Social Loan Community Investors Bank Loan Option & Lease PPA O & M

8 Co-operative Principles - Industrial & Provident Society One member, one voteOne member, one vote Local board elected by membersLocal board elected by members Social ethics: responsibility, equality, fairnessSocial ethics: responsibility, equality, fairness Supports environmental and social goalsSupports environmental and social goals Co-op devotes % of profits to ‘social’ projects locallyCo-op devotes % of profits to ‘social’ projects locally Energy Co-operatives Principles

9 Isle of Skye Renewables Co-op Great Glen Energy Co-op Kilbraur Wind Energy Co-op Boyndie Wind Farm Co-op

10 E4A Co-ops & Project Finance Raise project equity from members FSA Regulated Share Offer – Min £250 Max £20,000 Available to all, priority for local area – Marketing focus

11 How an Energy Co-op Operates Run as robust business Board responsible to members All members invited to AGM net profit paid to members as ‘share interest’ Members vote on resolutions 1/3 of board retire each year by rotation Members can put themselves forward for board Community benefit fund for local community

12 Community Engagement Investing members are engaged. Why? – For environmental reasons – For social returns – For financial returns Co-operatives engage with the often silent majority who support renewable energy

13 Share the Risk Share the Reward

14 Middelgrunden Wind Turbine Cooperative

15 Register your interest


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