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Winner of a 2012 Ashden Award.

How Community Energy Co-operatives Work. Paul Phare – Development Manager. Winner of a 2012 Ashden Award. Introduction to Energy4All Helping communities own renewable energy schemes. E4A is a non-profit distributing social enterprise Created out of Baywind Co-operative

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Winner of a 2012 Ashden Award.

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  1. How Community Energy Co-operatives Work Paul Phare – Development Manager Winner of a 2012 Ashden Award.

  2. Introduction to Energy4AllHelping communities own renewable energy 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

  3. The 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

  4. Denmark mid 1980s to Present Day

  5. What is a Co-operative autonomous voluntarily common It’s a Business social aspirations jointly-owned democratic 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.‘

  6. Energy4All Co-op Models Co-op stake in Commercial Project Social Entrepreneur led Project Community led Project Energy Prospects led Project

  7. A Community Energy Co-operative Bank Loan Community Energy Co-operative Community Trust Fund Social Loan Community Investors Community Projects Option & Lease PPA O & M Investment Legal contracts Revenue Flow

  8. Energy Co-operatives Principles • Co-operative Principles - Industrial & Provident Society • One member, one vote • Local board elected by members • Social ethics: responsibility, equality, fairness • Supports environmental and social goals • Co-op devotes % of profits to ‘social’ projects locally

  9. Great Glen Energy Co-op Kilbraur Wind Energy Co-op Boyndie Wind Farm Co-op Isle of Skye Renewables Co-op

  10. E4A Co-ops & Project Finance • Raise project equity from members • FSA Regulated Share Offer • Min £250 Max £20,000 • Available to all, priority for local area – Marketing focus

  11. How 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

  12. Community Engagement • Investing members are engaged. Why? • For environmental reasons • For social returns • For financial returns Co-operatives engage with the often silent majority who support renewable energy

  13. Share the Risk Share the Reward Maximise the Opportunity

  14. Middelgrunden Wind Turbine Cooperative

  15. Register your interest www.drumlin.coop facebook.com/drumlin.coop @DrumlinCoop

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