In 2016 we installed solar PV panels on 9 schools and 1 care home in and around the wards of Townhill and Penderry in Swansea. Prior to installation, SCEES entered into a long-term Lease and Power Purchase Agreement (PPA) with the building landlord and tenant (20 years and 6 months).
The lease agreement covers the operation and maintenance of the panels, whilst the PPA ensures a fair price for the sale of electricity used on-site by the building host for the lifetime of the project.
WE AIM TO MAXIMISE LOCAL
COMMUNITY BENEFIT FUND
Most profits go into a community benefit fund (>£500k), with a small fund set-aside to develop new projects
CREATING A BETTER FUTURE FOR EVERYONE
SCEES was set up in September 2015 to develop community-owned solar projects in Swansea. During August and September 2016 we installed solar PV panels on 9 schools and 1 care home in and around the wards of Townhill and Penderry in Swansea. We are already providing cleaner and more affordable electricity for each of the building hosts as well as a valuable educational resource for the local community.
We launched our community share offer and successfully raised £467,000 in just 7 weeks from a community share offer, to pay off a construction loan from Robert Owen Community Bank. Over 170 people helped us to reach our target share offer raise, with two thirds of our investors coming from the Swansea Area.
Up to £500k surplus profits from the scheme will be used to fund skills and enterprise development in some of the poorest communities with Swansea. Whilst the needs of the community are likely to change over the time, these funds are likely to be spent on new renewable projects, energy efficiency, low carbon transport, tariff switching, energy awareness, community spaces, enterprise development, business start-up costs, skills development, trianing and tutoring.
Swansea Community Energy & Enterprise Scheme is a new and unique community-owned renewable energy company which was established by our local council (City & County of Swansea Council), but now run independently by a group of local Directors. We develop and manage renewable energy projects for the benefit of residents in some of the more deprived areas in Swansea