1. Bro Dyfi Community Renewables Judith Thornton

2. BDCR - Who we are Local community energy co-operative Established in 2001 Aim: to develop community-owned renewable energy projects 225 members/shareholders 6 directors

3. What we’ve done 75kW wind turbine owned by local shareholders. Generating since 2001 New project erecting 500kW turbine

4. Why community energy? Think global, act local Decentralise power generation Support local expertise and economy Local employment Income stream for local people Investment opportunity for those in despair!

5. Pwer pobl – our first turbine Second hand vestas machine from Denmark 75kW, 31.5 metres high Erected in 2003 55 local shareholders Supplies CAT with electricity, surplus to grid

6. How Formed as Dyfi Valley Community Wind Partnership, unincorporated association Public meetings, landowner negotiations, grant funding, feasibility, planning permission, business plans, raise money… put up turbine

7. Legal structure Started as an unincorporated association – Dyfi Valley Community Wind Partnership Limited liability legal entity required before commencing project Registered under Industrial & Provident Societies Act (as opposed to Companies): –One member one vote, regardless of shareholding

20. 6.04% interest payment (2005)

21. Why did we do it again? New and experienced directors Excellent site available Initial share offer heavily over-subscribed We still believe!

22. Project details Grants, feasibility, business plan, bank loan, legal agreements, shares … £175,500 shares sold (£100 upwards) Total project value £348,500 NFFO, followed by PPA with electricity company 15 year lifespan

23. Turbine details Existing defunct turbine – the MS4 Reuse existing foundations – circumvents planning Second hand Nordtank machine from Germany Adapter plate to fit foundations and tower

29. Wider community benefits Relations within the community Local community energy fund: –Grant funding used to buy shares –Dividend into local energy projects administered by Ecodyfi –Light bulbs, community transport projects –Benefits beyond investors – social equity

30. Want to do it yourself? Expertise required: –Renewable energy –Project management –Legals –Finance, business planning –Grant funding

31. Watch this space www.bdcr.org.uk Construction photo diary