Community Energy Feasibility Study Update

  • Early interest from Lords Meadow Industrial Estate occupiers led to several roof surveys but no sustained interest.  The reasons for this appear to be: the difficulty of stating an exact level of electricity discount before installation costs are known and FIT rate confirmed; the low value of any saving compared with other opportunities or challenges facing businesses, and the difficulty of securing interest from landlords. 
  • We are still pursuing a small number of possibilities on the estate, but have also looked elsewhere. 
  • The most promising opportunities are currently NHS properties and schools. A health-focused portfolio looks possible and would offer particular marketing opportunities for a share issue.
  • The other option is schools.  Aerial surveys show potential for several of them.  Some primaries are interested and we addressed all Crediton feeder schools at a meeting in late January.  We will need to identify schools which will not be replaced over the next 20 years, and where ownership is not a stumbling block.  Devon County council owns many of the schools, and despite a theoretical route for schools to agree roof leases, there is resistance in practice.  We are trying to engage with officers, with limited success, but DCC has recently passed an energy policy and strategy which in theory makes it easier for schools to install panels.  We will be working with stakeholders and councillors to move this forward.  Meanwhile, we have approached the secondary school, which has several suitable roofs and is an academy.  Other local schools are Church of England, and we will use our good contacts at diocesan level to obtain agreement to leases for them.