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Pure Leapfrog: Funding Community Energy Schemes

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Information about Pure Leapfrog: Funding Community Energy Schemes
Education

Published on March 12, 2014

Author: SouthendCREST

Source: slideshare.net

Description

The presentation of Robert Rabinowitz - CEO of the charity Pure Leapfrog - that explains the importance of community energy projects, how they can be funded and that for every £1 that Pure Leapfrog lends, over £5 of net benefit is created in local communities.

For more information visit: http://www.pureleapfrog.org/
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Transforming communities through social investment sustainable energy – social investment – community – csr East of Essex Low Carbon Schools and Community Energy Conference March 2014 Pure Leapfrog registered Charity No. 1112249 Company No. 05534395 registered in England & Wales Pure Leapfrog - Funding Community Energy Schemes

Pure Leapfrog mission Pure Leapfrog is the leading provider of social investment and professional support to community energy projects in the UK. We are a business led charity which works in partnership with Government, investors and communities. We bring together affordable finance and accessible expertise. Finance is secured through a credit facility from Big Society Capital. Expertise is provided by our professional partner network. Our mission is to ensure that community energy becomes a significant part of the sustainable energy mix in the UK.

90+ community energy projects supported to date Pure Leapfrog track record Fenham Leisure Centre Loan Capital – Big Society Capital, Project Sponsor – British Airways Staffordshire Sunny Schools Loan Capital – Big Society Capital Project Sponsor - Barclaycard Triple bottom line benefits of our loans Financial return: 4.62% Carbon reductions: 20kg per £1 loaned out Net community benefit: >£5 per £1 loaned out Ham Hydro Professional Services – Norton Rose, Grant Thornton

Why community energy?  Stakeholders for sustainability – Converting NIMBYs into YIMBYs  Economic multipliers – For every £1 that Pure Leapfrog lends, over £5 of net benefit is created in local communities  Creating a new, sustainable energy business model – Making power users responsible for power generation

Staffordshire Sunny Schools  We’re supporting Generation Community to install solar panels on 25 schools in Staffordshire  The project will save between £1.8 – 2.8 million in electricity bills for the schools  15,000 school children will immediately benefit from the projects, learning a valuable lesson about the importance of sustainability  Surplus income from the solar panels will create a £170,000 - £350,000 community fund to support further community initiatives in Staffordshire

Streets of solar  We’re supporting Bristol Power Co-op to extend their Streets of Solar project to another deprived area of Bristol  23 households currently have installations and a further 25 are planned  Householders will use around half of the energy generated by the panels, resulting in smaller bills for the residents and a reduction of fuel poverty  Surplus income from the solar panels will create between £60,000 - £100,000 for Bristol power to fund further projects

Current state of play  600 community groups with a strong interest in renewables – 150-300 developed or developing a project  66MW generating, >200MW in development  £17 million raised through 40 share offers from 10,000 investors

2020 ambitions  780 community energy companies – £1.5 billion raised from over 550,000 members – £2 billion raised in debt  3GW of wind, solar and hydro – 14% of total capacity for these technologies – 1.4% of total UK electricity consumption  £1.3 billion to be re-invested back into communities by 2040 – 12 times greater 100% commercial model Community Renewable Electricity Generation: Potential Sector Growth to 2020, Peter Capener for DECC, January 2014

Importance of local authorities  Local authorities are crucial to scaling up 1. Community property portfolios 2. Procurement power & supplier networks 3. Back office and administrative support 4. Finance (development, construction, long-term)  Benefits of partnership with community energy 1. Community engagement & buy-in 2. LA needs to adopt “partnership mind-set”

Key sectors for scaling up  Community “buy-in” to commercial projects – Getting the business case right from a corporate structure and funding perspective  Collaboration with local authorities – Partnerships with existing community energy groups – How to support the development of new groups  Commercial finance – Increase funding capacity to £10 million – Building investor base & pipeline

Robert Rabinowitz, robert@pureleapfrog.org, 07939-884458 Eden House, 23-25 Wilson St, London, EC2M 2TE Tel: +44 (0)20 7825 4141 www.pureleapfrog.org Pure Leapfrog registered Charity No. 1112249 Company No. 05534395 registered in England & Wales

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