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