We support Community Energy

Community Energy Conference 2013

Here at Co-operative Energy we are committed to lowering carbon emissions. cec-img We already purchase much of our energy from renewable sources but we believe with your help we can do even better.

All over the UK, community-owned renewable energy schemes are being built and are coming on-stream: hydro-electricity projects on the River Thames, wind farms in the Highlands of Scotland and solar PV panels popping up on community roofs everywhere. These projects are helping to improve the local environment, bringing people together and making renewable energy accessible and affordable.
That’s why we are hosting our first ever community energy event.

We are working closely with specialists from across the industry to help support this important movement. By building strong networks we want community energy groups to have access to the support they need; from planning, financing and selecting the best technology, to marketing, launching ownership models and making sure the community really benefits from renewable energy.

An exciting host of leading speakers from across the industry will be there on the day to share their knowledge and experience. We hope you can join us for what we know will be an inspirational and informative event.

Event Details

Speakers

some of our community-owned generators

Westmill Wind Farm

Westmill Wind Farm has been providing Co-operative Energy with renewable energy since May 2011.The farm, which was the first onshore wind farm to be built in the south east of England, has five 1.3 MW wind turbines and provided Co-operative Energy with around five million kilowatt hours (kWhs) of clean, renewable energy for the 2011/12 financial year, enough power to meet the energy needs of almost 1,500 homes for a year.*Mark Luntley, Chair of Westmill Wind Farm Cooperative said: “We are delighted to be working with Co-operative Energy to offer their customers the option of ethically produced, clean energy generated right here in Oxfordshire. We are demonstrating that there is an alternative to the model of multinational corporations. People working together can deliver real change in their communities.”* Calculation based on 4.8 million kWhs (budgeted output) divided by OFGEM average annual standard domestic consumption (3,300kWh/pa) = 1,455 households.

Harlock Hill


The country’s first community owned wind power project, Harlock Hill has been supplying low-carbon electricity to Co-operative Energy since 1st February 2012. Based near Ulverston in Cumbria, the 2.5MW wind farm consists of five Wind World turbines which produce enough clean electricity to meet the needs of 1,100 homes each year and off-sets the emissions of around 5,000 tonnes of carbon dioxide.Annette Heslop of Energy4All, the parent company for Baywind Co-op which runs Harlock Hill, said: “The collaboration with Co-operative Energy demonstrates that together we can deliver real, positive changes to the environment by providing customers with ethically produced, low-carbon electricity.”

Great Dunkilns

Source: www.abundancegeneration.com & Squiff Media

Great Dunkilns is a community-owned wind energy project in the Forest of Dean which enables local people to invest from as little as £5 in the project and profit from the energy generated. The partnership with Co-operative Energy means local residents can now part-own their local generator as well as the energy supplier that delivers power to their homes, completing the chain of end-to-end community ownership.

Co-operative Energy will source up to 1.5 million kWh of clean electricity annually from Resilient Energy Great Dunkilns (REGD) community scale 500kw wind turbine. The energy generated will be enough to meet the electricity needs of 300 homes.

Andrew Clarke of The Resilience Centre, which established REGD, said: “We set out to close the loop on local energy by providing a way for people to invest in a local renewable energy scheme and buy the energy back from that scheme, in effect putting their own money back in their pockets. By investing in these projects, communities are investing in their own future resilience and linking savings returns to energy prices.”

investing in renewable energy

More new co-operatives are being formed in the renewable energy sector than in any other part of the economy presently. This partly reflects the enthusiasm being shown by local communities towards landmark schemes, such as Baywind and Westmill. We’re not all NIMBYs, it seems. It may also be because it’s now much easier for individuals to invest in renewable energy projects, thanks to organisations such as Abundance, Energy4All and Microgenius which specialise in identifying and offering investment opportunities in renewable projects. Of course, you must do your homework before investing and, if necessary, take proper financial advice.

Abundance Generation


Abundance believes everyone in the UK should be able to own a bit of the nation’s energy infrastructure. Abundance therefore enables people and communities to invest from as little as £5 directly into renewable energy projects of their choice, in return receiving a regular cash return based on the sale of the energy generated by the project.  One of Abundance’s first projects is Great Dunkilns wind farm, whose output is bought by Co-operative Energy for our customers.

Approved as a financial promotion by Abundance NRG Limited, authorised and regulated by the Financial Services Authority (525432). Abundance terms and conditions apply including fees. Part or all of your original invested capital may be at risk and any return on your investment depends on the success of the project invested in. All Abundance products are long term investments and may not be readily realisable (and their value can rise or fall). Estimated rates of return are variable and estimates are no guarantee of actual return. Specific risks with each product will apply. Consider all risks before investing and read the offer document for each investment. No investment advice is provided by Abundance or Co-operative Energy.
www.abundancegeneration.com

 

Energy4All

Energy4All was formed in 2002 to expand the number of renewable energy co-operatives in the UK as an integral part of our transition to a low carbon economy. To date, this had led to nine new co-ops and £18 million raised in equity.  Energy4All is committed to showing local communities how green power is a viable, economical and ethical way forward. www.energy4all.co.uk

 

Microgenius

Microgenius is a not-for-profit website for buying and selling community shares in sustainable energy schemes. Community shares are special types of shares issued by businesses constituted as industrial and provident societies, the legal form taken by most co-ops. Microgenius brings together environmentally responsible investors who want a decent return and community projects which are selling shares to finance their development. You can download an explanatory diagram here or visit the Microgenius website at www.microgenius.org.uk