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December 2013

Community Energy. Peter Andrews Bath & West Community Energy. December 2013. Bath & West Community Energy.

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December 2013

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  1. Community Energy Peter Andrews Bath & West Community Energy December 2013

  2. Bath & West Community Energy “Our vision is to create a financially sustainable social enterprise that will deliver renewable energy, energy efficiency and energy supply via strong community model that builds community resilience.”

  3. Where BWCE started in 2009 ……. • …...set up as a Community Benefit Society in 2010

  4. Recurring themes in early discussions…… • Community benefit at centre • Do the easy things first • Financial sustainability • Be ambitious and build scale • Offer fair financial return as well as social/environmental benefits • Do we have the right skills sitting round the table

  5. How we operate…. Individual investors - £20k maximum. Investment goes into projects Development loan/grant BWCE – Develop, Finance, Own & Operate Renewable Energy Projects Individual investors Independent Community Fund Special Purpose Vehicles (SPVs) - Portfolio of projects of same technology with debt from same source Independent local community enterprises - part of BWCE family - with control of local community funds Debt from corporate investors and banks ‘Project Finance’

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