Community owned renewable energy

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Presentation transcript:

Community owned renewable energy

Created in summer 2010 Raised £1.95M since June 2012 Brighton's biggest solar developer A Community Benefit Society, 450 members 1 member 1 vote Maximum investment £100,000, min £300 Shares are withdrawable, not transferrable Offer 5% return on investment Installed & own 30 arrays by end 2019 12000 tonnes of carbon dioxide saved over 20 years

How does it work?

Solar Capacity 1.565MWp 1.345MWp Solar Sites 28 22 £194,000 £135,000 2017/18 2016/17 2017 Solar Capacity 1.565MWp 1.345MWp Solar Sites 28 22 £194,000 £135,000 Turnover £1,786,000 £1,489,000 Assets Operating Surplus £6,500 £2,300 Interest Paid £73,000 £57,000

Savings on Energy bills

Ore Valley College Plan to fit 926 x 270Wp PV panels as 1 x 50kWp + 1 * 200kWp arrays. £ Saving: £4275 per annum for 25 years. CO2 Saving: 105.69 tonnes per annum.