Liverpool Community Renewables

About

To find out about who the LCR directors are, please visit this page.

We have published a series of posts for those interested to find out more about community renewable energy co-operatives and Liverpool Community Renewables in particular.  Please refer to these pages: Why do we need community renewable energy?, What is community energy?Organisations we work with. and Other co-ops.

The following text is copied from our business plan, executive summary:

Liverpool Community Renewables Ltd (LCR) is an Financial Conduct Authority (FCA) registered Society for the Benefit of the Community (Bencom) whose purpose is to develop, own and manage renewable energy schemes, on its own or in partnership with other organisations.

Bencoms are trading organisations owned by their members and governed on the principle of one member, one vote. Co-operatives are based on the values of self-help, self-responsibility, democracy, equality, equity and solidarity. Co-operative members believe in the ethical values of honesty, openness, social responsibility and caring for others.

The primary objective is to create a financially stable social enterprise, not dependent on grant funding, generating sufficient revenue to cover its overheads, meet its commitments to investors and develop further schemes.

LCR aims to be generating enough revenue to be able to create two or more jobs developing the work of the Society, bringing forward new schemes and managing the day-to-day administration of the Society and not to be reliant on volunteers.

The team will identify non-domestic roof space or premises where solar photovoltaic (PV) systems can be installed on buildings such as community centres, schools, leisure centres, faith buildings and businesses.

Revenue will come from the Feed-in-Tariff (FiT) . Ideally a significant amount of the electricity generated, between 40-50%, would to be sold directly to a user either in the building on which the panels are sited or adjacent buildings, at a price per unit lower than that charged by the “Big Six” .Revenue would also come from the export tariff .

LCR will raise the capital needed to pay for installations and associated costs through community share issues and where necessary, additional borrowing. Only projects capable of delivering a return on investment high enough to attract investors will be brought forward.

Surpluses generated (once costs, overheads, interest to investor-members and remuneration to directors developing the projects have been paid) will be invested in;

  1. developing more installations and
  2. local projects aimed at reducing energy consumption and tackling fuel poverty. Delivery partners will be organisations with a track record in delivering projects in this sector, such as Energy Projects Plus and Viridis .

LCR will also work with partners to help the organisation hosting the solar panels reduce its energy use by fabric improvements, heat recovery and investment in other types of renewable energy generation.

Once a stable revenue stream is established we will examine other forms of renewable energy; wind, hydro, tidal, biomass and other emerging technologies

LCR is part of a wider community energy movement in the UK and in Europe which seeks to bring ownership of the generation and distribution of energy back under local and democratic control of those who consume it. We are members of Community Energy England and Rescoop

LCR wants to play its part in the transition of Merseyside`s energy system from fossil fuels to renewables. Limiting climate change to below 2oC can only be achieved if we move rapidly towards becoming a Zero Carbon society. This is in line with global, EU, national and local government strategy and policy.

 

Please join our mailing list to stay up to date with the latest news, including our plan to issue a pioneer share offer.