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Shared Ownership
How communities can work with developers to make better projects together.
Making Better Projects Together
The Welsh Government have set an expectation for all new energy projects in Wales to have at least an element of local ownership from 2020. This policy statement re-enforces the need for developers to work with the communities hosting energy projects to ensure they retain benefit from generation in Wales.
Guidance has been published by the Welsh Government, including a template for the recommended collaborative benefits report. It can be found here.
Our Offer to Developers
Community Energy Wales offers a range of services to renewable energy developers to enable them to deliver a shared ownership project and work with them on engaging and involving the local community.
- Community engagement to develop interest and support for the community owned element of the project.
- Identification and creation of a suitable community vehicle to enable shared ownership of the project.
- Legally formalising the relationship between the developer and community entity.
- Supporting the community vehicle to raise the finance for their share of the project.
If you are a developer looking to take part in a shared ownership project, please get in touch.
Our Promise to Communities
We work with communities to ensure they get the highest possible value from a shared ownership project. We promise to:
- Get the best deal
- Involve local stakeholders in the process
- Help local communities set up entities to take a share in ownership
- Support communities to raise the finance needed for large scale projects
If you are a community looking to take part in a shared ownership project, please get in touch.
Our Value
The Community Energy sector is well placed to work in partnership with developers to ensure that they are able to fulfil this expectation and in addition develop stronger links with the community where the project is taking place.
We deliver - Our sector has delivered over 30MW of renewable Energy generation capacity in Wales .
We can raise finance - We have raised £10’s of millions for these developments a significant proportion of which has come through community share offers and bonds.
We support our communities - All the profit we make from our schemes is used to support local Welsh community based initiatives and the development of more community based opportunities.
Please get in touch if you would like to discuss this further. We want this opportunity to have the greatest positive impact to communities in Wales possible, and we want to ensure that we can make the process as simple and effective as possible for developers.
Contact us
To talk more about partnering with Community Energy Wales on your project get in touch.
Phone: 02920 190260
E-mail: info@communityenergywales.org.uk