Creating Sustainable Cities

28 November 2017 Pure Leapfrog registered Charity No. 1112249 Company No. 05534395 registered in England & Wales

Community Energy is… •  Communities •  Owning renewable energy assets and/or •  Benefitting from reduced costs as a result of energy efficiency or renewable energy and/or •  Accessing social benefits through sharing of income from renewable energy in community areas of need

Knowledge & Support Funding/Finance

New structures incubator Knowledge & Support Funding/Finance New structures incubator

Example: Ernesettle Solar Farm §  4.1MW ground-mounted solar array §  Constructed 2015 §  Partners: –  Plymouth Energy Community –  Four Greens Community Trust CIC –  Plymouth City Council

§  Site: –  18 acre brownfield site near industrial estate

§  Structure –  –  –  – 

25 year lease on land from PCC 17 year private wire power purchase agreement Grid connection: Western Power Distribution O&M: Pflazsolar GmbH

§  Finance

–  Construction

•  Leapfrog Finance: Construction Bridge Loan

–  Long term re-finance

•  Plymouth City Council: Long-term debt facility - £2.9m, 20 year loan •  Plymouth Energy Communities: Share Offer - £1m; 6% return

British Airways Carbon Fund

Post-subsidy environment