Energy4All

• UK’smainincubator of community-scalerenewableenergyco-ops

• Formed 2003

• Workingwithwind, hydro, biomass, biogas, PV

• 7 windco-ops

• ~6000 co-opmembers

• ~£15m invested

Community ownership

• The right scale to make a difference to CO2

• Support local economy, local control

• Create ethical investment opportunity

• Engage people with renewables

• Replicable model

Westmill Wind Co-op• First 100% community-

owned wind farm in SE England

• 5 x 1.3MW turbines

• Capital raised by co-op share issue

• £4.4m from 2000 shareholders

• Development cost taken by farmer Turbines erected Jan 2008

West Midlands Renewable Energy

We are here

Sharenergy Projects 2010

3-12

10-80

Members

Supporters

Each Project:

Sharenergy

• £750,000 over 3 years from RDA

• Revolving Investment Fund

• Development funding

• Repayable on success

• Rural West Midlands Only

• Multi technology (wind, hydro, biomass, biogas, PV)

• Led by Community Groups

• FiTs (&RHI) enable new models

Smaller wind farms, single generators or installations in lower wind speed areas

Medium scale wind

Heat and power or just heat from locally sourced wood fuel.

Biomass projects

Biogas digesters using waste from local homes, food businesses and farms

Anaerobic digestion

Run-of-river hydro schemes

Small hydro

Large roof or ground mounted arrays

Community PV

Financing the project

Construction costs• Turbines, panels, etc

• Groundworks

• Grid connection

• Installation

Development costs• Initial assessment

• Feasibility work

• Technical assessments

• Planning and Permitting

• Legals

• Co-op setup

• Marketing

Highest LowestRisk-o-meter

Construction costs

• Grant

• Renewable Energy

• Community

• Loan

• Bank

• Other lender

• Private investment

• Venture capital

• Co-operative share offer

• Grant

• Renewable Energy

• Community

• Loan

• Bank

• Other lender

• Private investment

• Venture capital

• Co-operative share offer

Construction costs

FiT compatibility

Size / Recession

Security / Proportion

Who has the money?

Want a big return, 10-20%

Proven model

Development costs• Grant

• Renewable Energy

• Community

• Loan

• Bank

• Other lender

• Private investment

• Venture capital

• Co-operative share offer

Development costs• Grant

• Renewable Energy

• Community

• Loan

• Bank

• Other lender

• Private investment

• Venture capital

• Co-operative share offer

FiT compatible if not for capital

Multiplier effect

No Security

Soft Loan?

Too risky

Too risky usually

Development costs• Grant

• Renewable Energy

• Community

• Loan

• Bank

• Other lender

• Private investment

• Venture capital

• Co-operative share offer

FiT compatible if not for capital

Multiplier effect

No Security

Soft Loan?

Too risky

Too risky usually

Sharenergy

Energy Prospects

• Partnership with developer

330kW wind turbine

Maintenance

Land rental, rates

Insurance

Admin

Depreciation (20 yrs)

Interest

Members Return

7%

Capital 750000

Income 150000

Maintenance 10000

Land rental, rates 15000

Insurance 10000

Admin 10000

Depreciation (20 yrs) 37500

Interest 15000

Members Return 52500

Reduce CO2 ✓Ethical local investment ✓Involve people in renewables✓Other income ?

Target return for raising £1m: 10%

Cutting out:

Overpriced consultants

Vague feasibility studies

Dream land economics

Proven co-op modelLack of risk finance

The Pot

Action Plans

Do-it-yourself

DIY

Join our network for info and discussion:www.sharenergy.coop/network

Sign up for Energy Steps to get up and runningwww.energysteps.coop

Trial our brand new Wind Pack or tell us about your projects and what you needjon.halle@energy4all.co.uk