Regen SW would like you invite you to their annual conference on 25 November in Bath, at the Assembly Rooms. Pete Capener from Bath and West Community Energy will be speaking at the conference and we invite you along to support him.
Renewable Futures conference on 25 November in Bath will have a focus on making Shared Ownership work and is a fantastic opportunity for communities to network with the industry. Community Energy representatives are invited to book at a discounted ticket of just £30 + VAT [reduced from £245 + VAT]. To register your interest please email Jodiejsawatzki@regensw.co.uk or book online here using the code ‘communitydiscount’. There will also be an exhibition of over 35 renewable energy and energy efficiency companies from across the south west for you to meet.
Speakers in the shared ownership session include;
· Stephen Fitzpatrick, CEO, Ovo
· Pete Capener, chair, Bath and West Community Energy
· Bruce Caldwell, development project manager, REG Windpower
· Cheryl Hiles, director, Regen SW
· Jake Burnyeat, director, Communities for Renewables CIC
· David Maguire, director, BNRG Renewables Ltd
The Shared Ownership report recommends that developers with a project cost of more than £2.5 million should offer communities a chance to invest in the project; the stake suggested is between 5 per cent and 25 per cent. If the voluntary approach doesn’t work, legislation will be put in place to ensure communities can invest. Although the focus of this and other recent government policy has been on large scale projects, it is expected there will be a reflection of these principles across all developments.
The shared ownership taskforce has recommended a number of ways for developers to work with communities and offer either:
- split ownership – where a community buys part of the project, e.g. a wind turbine
- shared revenue – where the community buys the right to some of the revenue generated
- joint venture – where the community and developer work together to develop, own and manage the project
All these options involve working with community enterprises, if none exists and the community don’t wish to set one up, an alternative option is for developers to offer investment opportunities direct to local people. This does mean communities who are proactive and have already set up community energy groups with clear aims will be in a much stronger position to collaborate with developers looking to deliver projects in their area.
To find out more and to view the full programme please visit www.renewable-futures.co.uk or call 01392 494 399.