renewables - funding for the future
DESCRIPTION
David Eccles of Welsh Government at the Wales Third Sector Funding Conference 2014.TRANSCRIPT
Renewables: Funding for the futureVenue Cymru, Llandudno2 October 2014
Jennifer Pride, Welsh GovernmentVicky Davies, Ynni’r Fro Programme Manager, Welsh GovernmentGrant Peisley, Datblygiadau Egni Gwledig (DEG)
WALES THIRD SECTOR FUNDING CONFERENCE 2014Making a better ask for funding
Why would communities take on renewable energy projects?A long term, clean income stream•to invest as you decide•to attract match fundingSale of electricity – power purchase agreementsFeed in Tariff (FIT)Renewable Heat Incentive (RHI)
• Mae’r elw o’r cynllun yma i’w fuddsoddi ym mhrosiectau Antur Aelhaearn a’r gymuned,
• Bydd cyfle i brynu cyfranddaliadu yn y fenter.• The profit from this project will be invested in
Antur Aelhaearn’s and community projects.• There will be an opportunity to buy shares in the
venture.
Antur Ynni Aelhaearn.Pweru’r Gymuned Powering the Community.
Antur Aelhaearn projectIncome Year 1 - 10
1 2 10Incwm Income £391,739 £391,739 £391,739Cyfanswm Costau Rhedeg + Gwasanaethu Cyllid Total Running Costs + Servicing Finance £322,891 £280,865 £280,865
Elw Net Net Surplus £68,848 £110,874 £110,874
Blwyddyn 11 20Incwm Income £391,739 £391,739Cyfanswm Costau Rhedeg + Gwasanaethu Cyllid £178,734.72 £178,734.72
Elw Surplus £213,004.16 £213,004.16
20 year average annual profit = £159,838
Antur AelhaearnIncome Year 11- 20
Antur Aelhaearn Investment
Cyllid Cyfalaf Capital finance
Cyfran Proportion Faint Sum
Llog Interest
Cyfnod Term
Blynyddol Annual
Benthyciad banc Bank loan 47% £564,000 8.00% 10 £84,053Benthyciad Ynni'r Fro loan 10% £120,000 8.24% 10 £18,078Buddsoddiad partner Partner investment 20% £240,000Cyfranddaliadau Share issue 20% £240,000 7.00% 20 £22,654Grant 3% £36,000Cyfanswm Total £1,200,000
AbergwyngregynCommunity hydroelectric project
AbergwyngregynIncome: £200,000/year
Costs: £1,250,000• Project development costs £60,000 • Project construction costs £1,055,000 • Contingency £134,000
Share offer: £300,000Has raised over £142k to date since 13 Sep launch
Penllegare Valley Woods
Penllegare Valley Woods
The Penllergare Trust:• 24kw Archimedes screw hydropower unit.• Provide an income to allow them to:
• conserve and maintain the historic landscape for enjoyment of the public.
• Education and training – outdoor classroom
• Enhance biodiversity
Penllegare Valley Woods
The Penllergare Trust:• 24kw Archimedes screw hydropower unit.• Total construction cost: £505,830• Ynni’r Fro grant £113,919• Annual generation of 73,936 KWh• Annual income forecast £16,180 from FITs
Dyffryn Crawnon Green Energy
16 kW high head micro hydro scheme in Brecon Beacons National Park
• Total construction costs £115,000• Ynni’r Fro loan £70,000• Annual income forecast of £17,000• Net profit of £3,600• Annual energy generation of 65,833 kWh
Groups are using the income for:
• Reducing fuel bills• Insulating houses in the community• Heating community halls• Training members of the community, for
example to fit boilers or insulation• Building or buying local assets
So what’s it like actually doing it?
Support
• Ynni’r Fro and its successor scheme• Renew Wales http://www.renewwales.org.uk/ • Robert Owen Community Banking Fund
(ROCBF) https://rocbf.co.uk/ • Community Energy Development Fund• Business Wales• Wales Co-operative Centre
Over to you!
• Would this be something that you could see your group doing?
• What support or help would you think you’d need?
Advertisement!
