Community green renewable energy coop for SE London- introduction

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Information about Community green renewable energy coop for SE London- introduction
Business & Mgmt

Published on March 15, 2014

Author: EnergiSE



Following the success of community owned solar energy projects in Brixton, Brighton, Bath and elsewhere a group of residents is working to set up a not-for-profit solar energy co-operative based in South East London. This will be a cooperatively owned enterprise that generates renewable electricity for use by householders and for sale to the national electricity grid.

The group plans to raise investment from the community to enable them to install solar panels on the large sunny roofs of building providing social housing or community services.Generating clean electricity in this way can potentially provide low cost or free electricity and fund energy efficiency measures whilst also providing a return to investors

The groups invites all those who would like to get involved in setting up the cooperative or who would like to find out more about investing in it or benefiting from it get in touch! These slides are from the first public meeting held on Sunday 9th March 4 – 5.30pm at the Food Bank, 467 New Cross Road.


* 4.10-4.35 What is ‘A Community Owned Renewable Energy Co-op’ and questions 4.35- 4.40 Examples of other urban energy coops 4.40 – 4.55 The step by step process of setting up an energy coop, funding/support 4.55 – 5.05 How can you be involved questions 5.05 – 5.25 Break up into small group for your input and feedback 5.25 – 5.30 Closing remarks 5.30 Refreshments and chatting

Investors Solar electricity Used by household/ community venue Exported to the national grid Feed in Tariff £ £

* Generation of clean electricity CO2 emissions reduction Saves money on bills Alleviation of fuel poverty Returns for investors Increased energy awareness Bringing the community together

* • Solar panels on many of the roofs of Loughborough Estate • Raised approx. £180,000 in investment • Investors received a 3% return on their investment (plus 50% tax relief) • Profits used to increase the energy efficiency of houses on the estate through draft busting work and education(people need to spend less to keep their homes warm) • Provided young people with skills and paid work experience opportunities • 60 tonnes of Greenhouse gas emissions avoided

* • Solar panels on the roofs of 3 community centres in Bristol • Raised approx. £127,000 in investment from 150 people • Investors received a 4% return on their investment • Profits used to increase the energy efficiency work with the community • 25 tonnes of Greenhouse gas emissions avoided inn the first year

* Form a management committee Register a coop Come to an understanding of what the focus of the coop should be Fundraising Identify possible roofs

* Feasibility Study Business Plan Community Share Issue Contracts with Roof Owners

* Tender for installers Training for local people? Installation Identify New Sites Pay investors dividends (and possibly arrange for use of profits for energy efficiency work)


* *Management Committee. Skills are great but not essential. Commitment, openness, teamwork and a substantial time commitment are (At least half a day a week) *Ad Hoc volunteer: Will need lots of help raising funds – running stalls encouraging folk to be investors, running events etc. *Mailing list: Will need lots of people to share information about the coop with their friends particularly when it comes to raising funds *Investor *All equally important and essential

* *Split up into small groups depending on where they live work. Groups * North Lewisham * South Lewisham * Greenwich * Southwark * Other South East London *Task 1; As a group discuss * ‘What excites you about the Energy Coop idea’ * ‘What are your concerns?’ Your answers used by the management committee to work out what the focus of the work of the coop should be *Task 2: What buildings in your area could benefit from solar panels (must be large south facing roofs) *Task 3: Think of a name for the coop

* Giovanna Speciale E: M: 07769 703191

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