SWANSEA COMMUNITY ENERGY
Swansea Community Energy & Enterprise Scheme is an award winning community-owned renewable energy
We develop and manage renewable energy projects for the benefit of residents in some of the more deprived areas in Swansea
Surplus profits are spent in our local community on exciting environmental and enterprising projects.
CREATING A BETTER FUTURE FOR EVERYONE
SCEES was set up in 2015 to develop community-owned solar projects in Swansea. 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. These installations provide cleaner and more affordable electricity for each building as well as a valuable educational resource for the local community.
To pay for the installation costs, Robert Owen Community Bank provided us with a short-term construction loan, but the panels are now fully owned by SCEES and our members. Over 170 people helped us to raise £467,000 in just 7 weeks via a community share offer, with two thirds of our investors coming from the Swansea Area. Members have been receiving an annual interest payment of ~6% as a thank you for your support!
Each year, SCEES generates a small surplus which is used to fund energy projects, skills and enterprise development in some of the poorest communities with Swansea. You can find out more on our Community Benefit page.
If you are local to either Townhill or Penderry and are interested in the fund, please contact
WE AIM TO MAXIMISE LOCAL
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 will pay investors a projected 6% interest on their investment over a 20 year period
COMMUNITY BENEFIT FUND
Most profits go into a community benefit fund (>£500k), with a small fund set-aside to develop new projects