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The Shared Ownership Taskforce Reactions to the report and responses to the consultation Gaynor Hartnell.

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Presentation on theme: "The Shared Ownership Taskforce Reactions to the report and responses to the consultation Gaynor Hartnell."— Presentation transcript:

1 The Shared Ownership Taskforce Reactions to the report and responses to the consultation Gaynor Hartnell

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3 “Commercial project developers seeking to develop significant renewable energy projects (above £2.5 million in project costs) for the primary purpose of exporting energy onto a public network should offer local people the chance to invest alongside the developer.” a minimum of [5 – 25%] of the project should be offered offers should conform to one of following models – Split ownership – Shared revenue – Joint venture (if want to offer crowd funded debt, developers can’t do it in isolation… they must put one of above three on table as well)

4 “Commercial project developers seeking to develop significant renewable energy projects (above £2.5 million in project costs) for the primary purpose of exporting energy onto a public network should offer local people the chance to invest alongside the developer.” a minimum of [5 – 25%] of the project should be offered offers should conform to one of following models – Split ownership – Shared revenue – Joint venture (if want to offer crowd funded debt, developers can’t do it in isolation… they must put one of above three on table as well)

5 De minimis £2.5m? I was only able to read 34 responses (thus making it statistically invalid!) Of those that could be categorised…. 11About right Mostly community responses (8/11) 55MW, like the legislation None of which were community groups 4 Do it another way entirely All developers/developer trade body 4Have higher threshold All developers/developer trade body 3Lower threshold1/3 community, 0 developer

6 % of project offered Of 34 I read, able to place 32 responses in categories…. Less than 5%100% developer 5%80% developer 0% community 10-20%60% community 0% developer More than 2080% community Do in money termsvarious Do it another wayvarious keep it flexible / have no minimum100% developer

7 Views on the models 3All 4 should be on equal basis2/3 developer 1other commentElec. supplier 10Should be more flexibility than this 100% developers / developer reps 10Supports 3 + 1 80% community groups/com group reps 2view not clear1 NGO, 1 developer

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9 The Renewables Marketplace Sites wanted / offered Fuels wanted / offered Finance sought / offered Partnerships sought Tenders advertised www/r-e-a.net/marketplace

10 The Renewables Marketplace Give it a go!

11 Free of charge Anonymity provided if desired The Renewables Marketplace Journey Registration isn’t required

12 Thanks


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