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Andrew King Energy4All presentation
Energy4All is a cooperative focused on promoting community ownership within the renewable energy sector, particularly wind power. Since its inception in 2002, it has facilitated nine projects, raising £14 million in equity and borrowing an additional £7 million, while serving over 7,500 members. The organization emphasizes a blend of ethical practices and professional business operations to navigate challenges in the energy market.
Andrew King Energy4All presentation
- 1. Andrew King Chairman, Energy4All
- 2. Background. Why dowe exist? Principles What do we do? Business Challenges? Achievements? Lessons ENERGY4ALL
- 3. Background Whydo we exist?
- 4. Principles We seekto combine….. Co-op / Environmental Ethics with Business Professionalism
- 5. What do wedo? We ‘facilitate’ community ownership Note: Sector Characteristics Why Co-ops? Why Regulated offers? Why Wind?
- 6. Sector Issues –Scale / cost / Planning / Variables etc. Deals with the devil? A minnow amongst sharks? USPs? Unique / flexible / Co-op family Professionalism - vital Earning a living – SME issues Ethics vs profits? Members Motivations Gearing dilemmas Democracy vs. effectiveness? Long term relationships Business Challenges?
- 7. Achievements? Since 2002……..9 projects trading £14m equity raised + £ 7m borrowed >7,500 members Returns Social / environmental Financial
- 8. E4All Projects MillenniumBen Aketil Boyndie Kilbraur Fenland Baywind Westmill Findhorn Community Co-ops owning turbines Community co-ops owning stakes Also: ENERGY PROSPECTS CO-OP Pre-planning developments
- 9. Key Lessons Co-opstructure flexible and effective High skill / performance levels essential - credibility Huge latent support for community engagement Potential in many other sectors?
- 10. Energy4All Core Structure2010 Andrew King Chair Marna McMillin CEO Stephen Andrews Non-exec Annette Heslop Admin / Accounts Director Tammy / Steph / Sue / Claire John Malone England Dev Dir Jon Halle Mark Jennison Scotland Dev Dir Paul Phare Mike Smyth Non-exec Simon Williams Non-exec