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Winner of a 2012 Ashden Award.
Paul Phare – Development ManagerPaul Phare – Development Manager
How Community Energy Co-operatives Work How Community Energy Co-operatives Work
Introduction to Energy4AllIntroduction to Energy4All
Helping communities own renewable Helping communities own renewable energy schemesenergy 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
The Co-operative Model WorksThe 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
Denmark Denmark mid 1980s to Present Daymid 1980s to Present Day
What is a Co-operativeWhat 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.‘
autonomousvoluntarily common
socialaspirations jointly-owneddemocratic
Energy4All Co-op Energy4All Co-op ModelsModels
Co-op stake in Commercial Project
Social Entrepreneur led Project
Community led Project
Energy Prospects led Project
A Community Energy A Community Energy Co-operativeCo-operative
Community Energy Co-operative
Community Projects
Community Trust Fund
Investment
Legal contracts
Revenue Flow
Social LoanSocial Loan
Community Investors
Community Investors
Bank LoanBank Loan
Option & Lease
Option & Lease
PPAPPA O & MO & M
Co-operative Principles - Industrial & Provident SocietyCo-operative Principles - Industrial & Provident Society• One member, one voteOne member, one vote• Local board elected by members Local 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 Co-op devotes % of profits to ‘social’ projects
locallylocally
Energy Co-operatives PrinciplesEnergy Co-operatives Principles
Isle of Skye Renewables Co-op
Great Glen Energy Co-op Kilbraur Wind Energy Co-op
Boyndie Wind Farm Co-op
E4A Co-ops & Project FinanceE4A Co-ops & Project Finance
Raise project equity from members
FSA Regulated Share Offer
– Min £250 Max £20,000Available to all, priority
for local area – Marketing focus
How an Energy Co-op OperatesHow 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
Community EngagementCommunity Engagement
Investing members are engaged. Why?– For environmental reasons– For social returns– For financial returns
Co-operatives engage with the often silentmajority who support renewable energy
Share the Risk Share the Risk
Share the RewardShare the Reward
Middelgrunden Wind Turbine Middelgrunden Wind Turbine CooperativeCooperative
Register your interest Register your interest www.drumlin.coop
facebook.com/drumlin.coop @DrumlinCoop