CEW's member - Brodyfi community renewables

1. Bro Dyfi Community
Renewables
Bro Dyfi Community Renewables Ltd

2. Nordtank
500kW
Vestas V17
75kW
Bro Dyfi Community Renewables Ltd

3. Brief History of BDCR
 BDCR formed 2001 with X shareholders
Industrial and Provident Society
V17 75kW machine commissioned 2003
2nd share issue in 2006 for Nordtank 500kW wind
turbine with additional X shareholders
Total of 208 shareholders, including Ecodyfi
Nordtank 500kW commissioned in 2010
Generation since then of over 1000MWh for both
turbines, equivalent to 212 local homes
Managed by volunteer committee of 8 people
Bro Dyfi Community Renewables Ltd

4. Capital costs
Contingency &
spares
Purchase and
Design, labour 9%
access
& management
24%
9%
Finance and
planning costs
4%
Construction
Turbine
incl MS4
including
removal
refurbishment
28%
Total £328,000 26%
Bro Dyfi Community Renewables Ltd

5. Finance - raising the capital
Grant
Equity (BDCR)
11%, £35k
Investors, REIC
Grant
Loan (ecodyfi)
13%, £43k
Co-op bank,
Finance Wales, Shares
(investors)
5 years 53%,
Loan
£175k
Grant 14%, £45k
MWEA, WDA to
Shares
ecodyfi for shares (payment)
9%, £30k
WDA to BDCR
Bro Dyfi Community Renewables Ltd

6. Financial return
Projected return over 15 years ~ 7.5%
V17 projected return ~ 7.0 %
Overall return to 2020 ~ 8.2%
all figures gross, incl. inflation at 2.5%
16.0%
14.0%
12.0%
10.0%
8.0%
6.0%
4.0%
2.0% Gross return V17 return NTK return
0.0%
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Bro Dyfi Community Renewables Ltd

7. Current shareholders
Number of shareholders Shareholders' investment
Scotland Europe Europe
Scotland
1% 0% 0%
4%
England
35%
England
Local
39%
48%
Local
58%
Other
Wales
Other
6%
Wales
9%
208 £213,000 exc ecodyfi
Bro Dyfi Community Renewables Ltd

8. Nordtank
(Nora’s arrival)
Bro Dyfi Community Renewables Ltd

9. Nora’s
installation
pictures
Bro Dyfi Community Renewables Ltd

10. Conclusions
 Community renewables can bring economic and
environmental benefits
Significant reward for shareholders who feel they
are actively contributing to efforts on climate
change
Requires considerable commitment from a group of
people
Essential to use experts in development stage and
have paid administrative and O&M for operational
stage
Community renewables projects are a practical and
effective proposition – we have proved they can
work!
Bro Dyfi Community Renewables Ltd

11. Thank you from
BDCR and good
luck with your
community
energy projects
Bro Dyfi Community Renewables Ltd