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Our Members

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

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Our Members

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

  2. Working together….. • 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 Westmill Community Wind & Solar OVESCo Community Solar Neilston Community Wind Brixton Community Solar Torr Mills Community Hydro

  3. Bath & West Community Energy Progress to date….. • 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

  4. 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

  5. Summary • 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

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

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