Community Energy Social in Hebden Bridge

Aside

Fuelling North
Community Energy social

6-9pm Thursday 17th April
FREE, Fox and Goose Pub, Hebden Bridge


After four years of Fuelling Manchester we’re branching out, collaborating with friends in Calderdale to run a Fuelling North social for community energy organisations inGreater Manchester, Leeds, Calderdale and beyond!

RSVP here: http://www.meetup.com/Fuelling-Manchester-meetup/events/173952702/

As always, the evening is without structure or agenda, simply a chance to meet like-minded individuals working and volunteering in the community energy sector – everything from solar, wind and hydro to energy efficient retrofit and smart grids.

Whatever the technology, a community angle is required to attend.

So come along, it’s totally free and we’ll be there all evening.
NB there’s no food at the pub so think ahead.

Trains run regularly from Manchester and Leeds.

Fox and Goose is 10 mins walk from Hebden Bridge Station, we will be in one of the big rooms in the pub: http://www.foxandgoose.org/
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2013 AGM

Just a quick update on our AGM which was held at the Great Rock Co-op on Saturday the 23rd November 2013. A good turnout of members heard the Directors give their annual report, the financial report and some exciting news on projects in the early stages of development. Please keep checking back for further information on our next steps.

Don’t forget you can contact Pennine Community Power by email; info@powerinthecommunity.org

or look us up on Facebook.

Update on Feed in Tariff

As Pennine Community Power was in receipt of grant funding (State Aid) towards part of the installation of our community wind turbine, our Feed in Tariff payments have been suspended by OfGem, for the last few months, until this grant funding was repaid.

This situation was contrary to the advice we received at the time of installation ie that Lottery Funding was not State Aid and that even if it was then it was below a de minimis threshold. Both pieces of advice were proved to be wrong. As a result the Directors have had no choice but to negotiate with OfGem as to how much of our grant funding would need to be repaid to the Lottery. We arrived at a figure of just over £8,800 and this money, which has been raised by issuing additional share capital to existing members, has been paid to the Lottery.

We now anticipate our FIT payments being reinstated.

Unfortunately, it is likely now that the community benefit will be slightly reduced as the income of the turbine now has to service a slightly larger share capital.

For more information on FITs and State Aid, please refer to the DECC guidance which can be downloaded as a PDF here: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/48582/5282-feedin-tariffs-fits-and-grants.pdf

On a brighter note, the turbine itself is producing at or slightly above our predictions.

The Directors are also still pursuing modifications to the turbine with the manufacturer and installer to address the noise issues at very high wind speeds.

Share offer successful – over £33,000 applied for.

With a great last minute surge of interest, our Blackshaw Head wind turbine share offer was oversubscribed by £5,000.  We are just about to allot the shares to our 64 applicants who all live within a few miles of the turbine.

Another great piece of news is that HM Revenue and Customs have approved the share offer as qualifying for Enterprise Investment tax relief; a tax relief to incentivise social investment which shareholders will be able to take advantage of.

Meanwhile the concrete base has been poured and the tower is being constructed off-site. The turbine is on course for erection in September.

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