The Shared Ownership TaskforceReactions to the report and responses to the

consultation

Gaynor Hartnell

• “Commercial project developers seeking to develop significant renewable energy projects (above £2.5 million in project costs) for the primary purpose of exporting energy onto a public network should offer local people the chance to invest alongside the developer.”

• a minimum of [5 – 25%] of the project should be offered

• offers should conform to one of following models

– Split ownership

– Shared revenue

– Joint venture

• (if want to offer crowd funded debt, developers can’t do it in isolation… they must put one of above three on table as well)

• “Commercial project developers seeking to develop significant renewable energy projects (above £2.5 million in project costs) for the primary purpose of exporting energy onto a public network should offer local people the chance to invest alongside the developer.”

• a minimum of [5 – 25%] of the project should be offered

• offers should conform to one of following models

– Split ownership

– Shared revenue

– Joint venture

• (if want to offer crowd funded debt, developers can’t do it in isolation… they must put one of above three on table as well)

De minimis £2.5m?• I was only able to read 34 responses (thus

making it statistically invalid!) Of those that could be categorised….

11 About right Mostly community responses (8/11)

5 5MW, like the legislation None of which were community groups

4 Do it another way entirely

All developers/developer trade body

4 Have higher threshold All developers/developer trade body

3 Lower threshold 1/3 community, 0 developer

% of project offered

• Of 34 I read, able to place 32 responses in categories….

Less than 5% 100% developer5% 80% developer 0% community10-20% 60% community 0% developerMore than 20 80% communityDo in money terms variousDo it another way variouskeep it flexible / have no minimum 100% developer

Views on the models

3 All 4 should be on equal basis 2/3 developer1 other comment Elec. supplier

10 Should be more flexibility than this 100% developers / developer reps

10 Supports 3 + 180% community groups/com group reps

2 view not clear 1 NGO, 1 developer

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