Community Energy
Peter AndrewsBath & West Community Energy
December 2013
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“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.”
Bath & West Community Energy
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…...set up as a Community Benefit Society in 2010
Where BWCE started in 2009 …….
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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
Recurring themes in early discussions……
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How we operate….
Individual investors - £20k maximum.
Investment goes into projects
Independent local community
enterprises - part of BWCE family - with
control of local community funds
BWCE – Develop, Finance, Own &
Operate Renewable Energy
Projects
Development loan/grant
Individual investors
Debt from corporate
investors and banks ‘Project
Finance’
Special Purpose Vehicles (SPVs) -
Portfolio of projects of same technology with debt from same
source
Independent Community
Fund