Mike Smyth Chair Schools’ Energy Co -op and Energy4All
History of the idea • Build solar panels; educational support • Renewable energy and sustainability • Self help – not grants; community funded through a co-operative • Income from FIT and electricity sales • Interest paid to community co-op members • Reduced price electricity to the school • Share profits with school • No charge to school
Run for the Sun
£625,000 raised Existing Schools Broadwater Woolmer Hill Godalming College Christ Church Cof E Rodborough Guildford County Primary
Generation (kWh) in 2014 School Name Size of Array kW kWh generated Beacon School, Banstead 42 44800 Broadwater School, Farncombe 47.53 46166 Christ Church C of E Primary 29 7015 Godalming Sixth Form College 49.63 45676 Guildford County School 17.48 19315 Rodborough School, Milford 47.92 40613 Woolmer Hill School, Haslemere 33.57 33898 Total 267.13 237,483
Wey Valley Solar £625,000 raised from 125 members and £60,000 borrowing (£1,000 is typical investment) 270kW of solar panels at 7 schools and an 8 th school with LED lights Over £1 million raised for schools over 25 years Generating over 250,000kWh a year Great educational resource Paying interest to members of over 6% Members received 30% of their investment back in tax relief
Benefit to schools Renewable electricity and sustainability Community leadership Financial returns Education – monitor and data feed: energy, maths, geography Business studies Ashlyns working hard to maximise the benefits to the school
Christ Church Launch
What is community energy? A profitable business - delivers a mission Mass movement of ordinary people making a difference Co-operative values Democratic control Active participation Fair returns - sharing benefits
Community Energy Movement c5,000 voluntary groups c100 generating groups (about 20 live share issues) GUCE (Kings Langley); Tring
Energy4All projects Fully community owned Kilbraur Share in developer sites Boyndie Ben Aketil Findhorn Millenium SOL Baywind Drumlin EP Fenland Four Winds Westmill Wey Valley Springbok West Solent Schools
We were asked to do it again! Schools’ Energy Co -op • Professional management and volunteers • Larger co-op – not just local; share overhead and expertise • Work with community groups and parents – local presence; Transition Berkhamsted • Trusted alternative to commercial sector offering a better deal
Glenleigh Park Primary Academy Launch fundraising £200,000 150 kW Generated over 39,000 kWh this winter Regional fundraising
Schools’ Energy Co -op Minimum investment £250 – investment not donation Anticipated return 5%, increasing each year by inflation EIS Tax relief of 30% Profits paid to school Money back - 15% after 3 years; then 5% a year Social and environmental impact – making a difference This is a long term investment in shares to deliver an environmental and social impact as well as a financial return. As with any investment product there are risks. Your capital is at risk and may not be readily realisable. Returns are projected, variable, depend on performance of the project and are not guaranteed. Consider all risks before investing and read the Share Offer.
Ashlyns Sports Hall
Benefits to Ashlyns • 36,000 kWh of renewable electricity each year from 48kW system • System cost £52,000 • School tackling climate change • Every student becomes aware • Electricity sold at 7.25p – no price increases for 20 years • Profit share and reduced price electricity worth about £100,000 • Education: energy, business, maths, geography • Panels given to school after 20 years
Share offer Be part of the Schools’ Energy Co -operative. Our Share Offer is available to download from: www.schools-energy-coop.co.uk
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