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Sheffield Renewables Solar PV Project: Sustainable Energy Solutions for Community Buildings

Join us in our next project focusing on medium-sized Solar PV schemes to reduce carbon emissions, promote financial performance, and involve the community. Discover how solar PV works, the benefits, and potential partner organizations. Explore the support available and the business case for investing in solar energy.

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Sheffield Renewables Solar PV Project: Sustainable Energy Solutions for Community Buildings

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  1. What will our next project be? Sheffield Renewables Tom Harrison –Volunteer Dr Mark Wells – Finance Director

  2. Preferences • We were looking for: • Lower risk • Simpler scheme • Carbon reductions • Financial performance • Proven record of success • Community involvement

  3. Medium sized Solar PV 25-50kW

  4. What is solar PV? Produces electricity from sunlight hitting a silicon semi-conductor. Luckily for us in Britain PV panels work from both diffuse and direct sunlight

  5. What will the schemes look like? • 30kW scheme • Space needed: Approx 200m2 • Sell cheap electricity to roof owner • Cost: £35,000-£50,000 • Generation: 20,000-25,000kWh/Year • 10-12.5tCO2/year

  6. What will the schemes look like? SPACE – A London artists charity - 30kW Ovesco IPS - 30kW Scheme at Priory School

  7. Potential locations • Already have some potential sites we • are looking at • If you know any organisations who would like to be involved, we are looking for: • Organisation which has a social link • Large South facing roof (>150m2) • No shading • Roof in good condition

  8. ‘Sunny Sheffield’ • Slightly lower solar irradiance • Higher efficiency due to lower temperature

  9. Other IPSs • Other co-operatives have installed similar schemes • These organisations are successfully paying back their investors right now

  10. What support is there for PV? • FiT Generation Tariff: 13p/kWh (FiT - Feed in Tariff) Government support for higher tariff for community schemes Sell electricity: • Exported electricity to supplier • Below market rate electricity to roof owner.

  11. Hasn’t FiT dropped? • Yes: FiT has dropped significantly • ROI’s were much higher than expected (15-20%) • Reduction in cost of PV means FiT level is right for ROI’s of 8-10% Moore’s Law:- Computing power doubles every 2 years, costs half

  12. Benefits of solar PV • We are positive about solar PV because: • Satisfies our core values • Scalable projects with short lead times • Low risk • Strong financial base for Sheffield Renewables • Social benefits – Supporting partners with energy costs • Outreach and educational benefits • Price per kWp, kWh and tCO2 lower than Jordan Dam

  13. Outline Plan • 150-200 kW of solar PV • 3 – 5 installations • Offer to partners: • Cheap electricity • We claim FiT • Profits re-invested in local community

  14. Selection of Partners • Organisations who share our ethos • Community Buildings • Public Buildings • Social Housing • Also consider: • Lifespan of building • Longevity of organisation • Onsite electricity demand • EPC band

  15. Outline Business Case

  16. Outline Business Case • Conclusions: • Offer to shareholders will be similar • 3% interest once operating 2 years • Withdrawals after 3 years • Return to Community Benefit Fund

  17. Risks • Project Completion • Changes to FiT • Problems with partner agreements • Planning issues • Cost increases • Damage to building Project Operations • Mechanical failure • Damage due to weather, vandalism etc • Changes in weather patterns • Changes in electricity prices

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