Shortlisted for the British Renewable Energy Awards 2018
We’re proud to announce that we have been shortlisted for the 2018 British Renewable Energy Association Awards, for our hard work over the past year with three community energy enterprises. We are honoured to be in the finals alongside some amazing community energy organisations, and wish all contestants the best of luck. We hope to see you at the awards night in London, on the 14th June, to celebrate the past year with us.
Over the past year we have seen some of the projects we have been heavily involved in come to fruition. We’d like to take a look back at what has been achieved and how it has impacted the communities we aim to support;
Ferry Farm Community Solar
- New 5MW community solar farm built and financed through a community share offer and investment from Triplepoint.
- Community grants of £40,000 awarded helping 19 local initiatives in various sectors including; arts, youth work, sports, wildlife conservation and more.
- Selsey Works awarded £20,000 to tackle fuel poverty, aims to total up to £60,000 over three years.The campaign will provide local people in Selsey with advice about insulation, staying warm and energy efficiency in addition to help with switching suppliers, home visits and information on domestic renewable energy schemes.
- First share interest payment to members of 6% made.
Gawcott Fields Community Solar
- New local energy enterprise, Gawcott Fields Community Solar CIC, launched.
- New 4.2MW community solar farm built and financed through community bond raising £420,000, a £3.2million loan from Santander Bank and £575,000 bridge loan from Social and Sustainable Capital.
- BEE Warm fuel poverty scheme launched – Sept – Nov 2017, the service supported over 40 households. Support provided has included energy supplier switching, disputes resolution and debt clearing, grant funding for loft and cavity wall insulation and new boilers, installation of small energy efficiency measures and information on energy management.
- First bondholder 6% interest paid.
- Grant fund of £10,000 dedicated to local groups with the theme of sports initiatives for the first year, administered by Heart of Bucks Foundation to launch soon.
Burnham and Weston Energy CIC
- New local energy enterprise, Burnham and Weston Energy CIC, launched.
- £11million bridge loan from Leapfrog Finance, re-financed through a £7.4million loan from Triodos Bank.
- 9.3 MW Wick Solar Farm purchased from commercial solar company; one of the largest community owned solar projects in the UK.
- Expected to generate over £3million in surplus income over 25 years, with £50,000 per year from the outset for a community grant fund and local energy and fuel poverty advice service.
- Community bond offer to be launched soon, enabling people and organisations to invest and have a say in the governance of Burnham and Weston Energy CIC.
We would like to thank all of our team and partners for their continued hard work in building the community energy industry and developing new business models for the sustainable growth of the renewables sector.
Other shortlisted nominees include Pixie Energy, Mongoose Crowd, Energy Garden and Community-Owned Renewable Energy Partners (CORE) who we have worked with on previous projects. We expect it to be a tough decision for the judging panel and wish the best of luck to all the nominated organisations.