Pure Leapfrog

Creating Sustainable Cities

28 November 2017 Pure Leapfrog registered Charity No. 1112249 Company No. 05534395 registered in England & Wales

Community Energy is…

• Communities • Owning renewable energy assets and/or • Benefitting from reduced costs as a result of energy efficiency or renewable energy and/or • Accessing social benefits through sharing of income from renewable energy in community areas of need

Knowledge & Support Funding/Finance

New structures incubator Knowledge & Support Funding/Finance New structures incubator

Example: Ernesettle Solar Farm § 4.1MW ground-mounted solar array § Constructed 2015 § Partners: – Plymouth Energy Community – Four Greens Community Trust CIC – Plymouth City Council

§ Site: – 18 acre brownfield site near industrial estate

§ Structure – – – –

25 year lease on land from PCC 17 year private wire power purchase agreement Grid connection: Western Power Distribution O&M: Pflazsolar GmbH

§ Finance

– Construction

• Leapfrog Finance: Construction Bridge Loan

– Long term re-finance

• Plymouth City Council: Long-term debt facility - £2.9m, 20 year loan • Plymouth Energy Communities: Share Offer - £1m; 6% return

British Airways Carbon Fund

Post-subsidy environment