1. Community Energy Peter Andrews Bath & West Community Energy December 2013

2. 2 “Our vision is to create a financially sustainable social enterprise that will deliver renewable energy, energy efficiency and energy supply via strong community model that builds community resilience.” Bath & West Community Energy

3. 3 …...set up as a Community Benefit Society in 2010 Where BWCE started in 2009 …….

4. 4 Community benefit at centre Do the easy things first Financial sustainability Be ambitious and build scale Offer fair financial return as well as social/environmental benefits Do we have the right skills sitting round the table Recurring themes in early discussions……

5. 5 How we operate…. Individual investors - £20k maximum. Investment goes into projects Independent local community enterprises - part of BWCE family - with control of local community funds BWCE – Develop, Finance, Own & Operate Renewable Energy Projects Development loan/grant Individual investors Debt from corporate investors and banks ‘Project Finance’ Special Purpose Vehicles (SPVs) - Portfolio of projects of same technology with debt from same source Independent Community Fund