2. About Low Carbon Ladock
• Low Carbon Ladock was set up in 2008 in response to the problems of climate change and peak oil
• The co-operative was set up to manage and distribute income from low carbon installations put in place in Ladock Parish
• Everyone who lives and/or works in the parish is invited to become a member. Low Carbon Ladock currently has over 100
members (about 7% of the parish)
• Registered objects of the co-operative include:
– The promotion of the conservation, protection and improvement of the natural environment and prudent use of
natural resources for the benefit of the public
– The promotion of sustainable development for the public benefit
– The prevention or relief of poverty in Ladock (parish) and surrounding areas
– The creation of training and employment opportunities
– The maintenance, improvement or provision of public amenities
– The protection or conservation of the environment
• In December 2009, Ladock Parish put in a successful bid to the Government's Low Carbon Community Challenge. The
scheme provided half a million pounds to introduce measures to aid transition to low carbon living. Eight houses, plus the
two village halls, two pubs and three other local businesses were selected for low carbon developments including:
– 12 Sets of solar PV panels and 5 sets of solar thermal panels
– 2 biomass boilers
– 2 ground source heat pumps
– Insulation of 4 buildings
– A 20kW wind turbine installed on a farmers field
• Low Carbon Ladock is seen as a pioneer of low carbon communities in the UK
• In early 2012, the first re-investment of funds were awarded with money going to:
– Traffic calming measures
– The cricket club
– [Chris to complete]
3. About Green Trust
• Green Trust CIC is a community energy company, based in Cornwall. We are working with Low
Carbon Ladock to develop a community wind turbine for the parish
• We are a Community Interest Company (CIC) limited by guarantee, which means our primary
purpose is to generate community benefit and there are legal restrictions on how what we can
do with our profits
• We are a social business and we need to generate a profit from our activities. However, any
profit we make is re-invested in further community energy projects
www.greentrustwind.co.uk
This project is part financed by the
European Agricultural Fund for Rural
Development 2007-2013: Europe
investing in rural areas delivered
through Defra as the Delivery
Authority.
4. What could a community wind
turbine do for Ladock Parish?
A single 500kW - 800kW wind turbine could:
• Generate over 1/3rd of the parish’s annual domestic and
commercial electricity consumption
• Generate around £30,000 (possibly more) per year for
the Low Carbon Ladock community fund for 20 years
• A community investment offer, providing a good 20 year
investment return
• Green electricity supply for local homes and businesses
Isle of Tiree Enercon 800kW
community wind turbine
5. How far have we got?
• In September 2011 the Low Carbon Ladock co-operative voted to explore the potential for a
medium to large-scale community wind turbine in Ladock Parish
• Green Trust then looked across the parish for potentially suitable sites. Considerations
included:
– Good wind resource (i.e. exposed hilltops)
– Proximity to viable electrical grid connection points
– Distance from houses
– Access
– Ecology and land designations
• A number of potential sites were identified. The owners of 3 of the sites were willing to host
the community wind turbine. Further work was then carried out on those 3 sites including
commissioning a specialist to assess grid connection cost and site visits by a planning officer
and an ecologist
• The Fenton Ladock site has been chosen as the preferred site for a single turbine of up to 76m
to tip height and 500kW – 800kW rated generation capacity
• We now want to make sure everyone has the chance to understand how the turbine could
benefit the parish, and the potential impacts, before progressing the project to planning
submission
6. The proposed turbine
Size Hub height – 50m
Rotor diameter – up to 52m
Tip height – up to 76m
Generation 500kW – 800kW
capacity
Estimated annual 2,000 MWh
generation >30% of Ladock parish’s
electricity consumption
300 homes
Turbine options EWT DW52 500kW
Enercon E48 800kW
(both a direct drive, low noise
turbines) An EWT 500kW turbine, the same as
turbines at St Enoder, Bodmin and
Otterham (near Bude)
7. The proposed site
The proposed site is at Fenton Ladock farm, on the ridge up to the East of New Mills to the South of
the road
8. Key considerations
• Key planning and technical considerations will include
– Visual impact – the site is on high ground, but houses to the west and south are screened
by topography and trees. Houses to the north and east will be able to see it
– Noise – the site is sufficient distance from housing that under most conditions the turbine
should not be audible. We will do noise studies to demonstrate this
– Ecology – We have already started ecology work and no sensitive species have been
identified
– Shadow flicker – all houses to north, east and west are a sufficient distance away that
shadow flicker should not be an issue. We will do further studies to confirm this
– Access – an access survey has confirmed we can get the turbine to the site
– Grid connection – an application has been submitted to Western Power Distribution
• Key community support considerations include
– Impact on and concerns of immediate neighbours
– Levels of support from the parish
– Levels of objection from the parish
9. What next?
Summer / Community awareness raising and consultation
Early Public opinion survey
Autumn ‘12
Autumn / Complete development work submit planning application
Early Winter Ongoing community involvement
‘12
Jan ‘13 Planning decision
Spring ‘13 Investment raising (including community share offer), finalising legal and financial
arrangements and procurement
Summer/Au Construction
tumn ‘13
10. How much will it cost?
Once planning permission and £1,800
Thousands
other key agreements are in Surplus to re-invest in
place, investment will be raised £1,600 other projects*
from a number of sources
£1,400 Contingency fund
• The first priority will be an
investment offer to residents of £1,200
the parish. Minimum
Preconstruction
investment per person is likely £1,000
to be £100. The offer will be
managed so that anyone who £800
Civil and electrical
wants to invest can
£600 works and project
• If the local offer does not raise management
all of the investment £400 Grid connection
required, Green Trust will raise
the remaining investment from £200
other sources which could Turbine
£0
include a bank loan, local
businesses, and investment Total cost
funds
• Returns to investors are capped *Green Trust raises more investment than is required to build the project and
at the minimum required to uses this surplus to re-invest in further projects. Green Trust’s objective is to raise
raise investment enough surplus to fund the development costs of 2 further projects (up to £400k)
11. How much income will be
generated?
For a 800kW turbine annual revenue
will be around £280,000 Feed in Tariff Electricity exported
• The wind turbine will earn income 450
for its 20 year lifetime from the
400
sale of electricity generated and
the feed-in tariff. If electricity 350
prices rise, or a 500kW turbine
300
Annual Income
earning a higher FiT is
£’000
possible, income will be higher 250
than the base case
200
• Annual production of a 500kW
turbine would be slightly less than 150
that of a 800kW 100
turbine, however, a 500kW
turbine would have a higher 50
annual income than a 800kW 0
turbine due to the higher FiT rate
500kW 800kW
currently available
Turbine Size
• The FiT rates are subject to
change but the turbine with the
highest income potential will be
chosen for development
12. How will the income be used?
Tax Operating costs :
• Land rent
• Service and maintenance
• Business rates
Operating costs
• Insurance
• Administration
• Grid charges
• Contribution to a reserve fund to cover
Investor Return
component replacement
Community
Fund
Community Fund:
• Around £30,000 per annum paid to
Low Carbon Ladock Community Fund
Investor return: for 20 years
• Returns to local and other investors (if required) to • Any surplus income also paid into the
achieve an average 20 year return of around 5-7% fund
per year plus capital repaid • The fund will be managed by the LCL
• Returns to investors capped – Any surplus income is co-operative and re-invested in further
transferred to the Low Carbon Ladock community local community initiatives
fund
13. Local Investment Offer
• The aim is to raise as much of the investment as possible from local investors
• First priority for investment will be a bond and/or share offer open to all residents within the
parish (the minimum investment is likely to be £100 per person)
• Expected return of 5-7% over the 20 year life of the project (increased with inflation), plus
your original investment returned
• A £1,000 investment would earn back over £2,000 over 20 years (this includes repayment of
your original investment)
£1,000
£500
£0
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21
Year
-£500
-£1,000
14. Factors that influence economics
• Construction costs could be higher or lower than
estimated. Changes in the grid connection costs and the
Euro exchange rate could both have significant impacts
• Wind speed at the site could be higher or lower than
estimated. However, we are confident that the site does
have a viable wind resource
• The government could further reduce the feed-in tariff.
However, the feed-in tariff is fixed for 20 years from the
point that the project is commissioned. A reduction
from the current rate has already been factored in
• Electricity prices could go up or down (more likely to go
up!)
• We may have to offer a higher rate than the target
investor return to secure the required investment.
However, we are confident that we will be able to
secure investment to build the project once planning
permission and grid connection has been obtained
15. How is the Ladock community wind turbine
different to a commercial development?
• The project has been initiated by the Low Carbon Ladock co-operative
• It will only be progressed to planning submission if there is broad community support
• It will generate a target income for the Low Carbon Ladock community fund of around £30,000 per year or
more. A commercial developer of a similar sized project might offer around £3,000 community contribution
• We will aim to raise as much of the investment as we can from local investors, so the investment returns are
retained locally
• We are working with a number of energy companies to come up with a local electricity supply offer that will
enable local households and businesses to buy the green electricity generated at a discounted rate
• Green Trust will generate a profit from the project, but this profit is locked within the company and will be
re-invested in further community energy projects
• If the project generates a higher profit than anticipated, this will go to the Low Carbon Ladock community
fund
• The community purpose of the project will be embedded in the project company mem & arts of
association, the land lease and the planning application.
• Low Carbon Ladock will be represented on the board of the project company and may own an equity stake in
the project (to be confirmed following financial and legal advice)
• Green Trust will be ‘open book’ with the economics of the project and financial arrangements. Two suitably
experienced members of Low Carbon Ladock will oversee the financial arrangements to ensure the
community interest purpose of the project is adhered to
16. Events to look out for
We will be holding a variety of events where you can obtain more information, raise
concerns and express opinions
• In early September there will be public exhibitions held in Grampound Road and
Ladock village halls where you can find out more information and have questions
answered
• There will be stalls providing information on the wind project at Grampound Road
and Ladock markets
• On 14th July there will be a stall at ‘Blues in the Barn’
• Activities and workshops for the schools
• An organised visit to see a local operational wind turbine (date to be confirmed)
• We will conduct an opinion poll in early September to determine the overall level
of community support
• Leaflets and posters throughout the parish
17. Contact
Green Trust CIC Low Carbon Ladock
Falmouth Ambulance Building Woodland Valley Farm
Quarry Hill Ladock
Falmouth Truro
Cornwall TR2 4PT
TR11 2BP
Jake Burnyeat (Director) Chris Jones
t. 0781 501 45 40 t. 0797 143 63 19
e. jakeburnyeat@greentrustwind.co.uk e. jones-farm@btconnect.com
w. www.greentrustwind.co.uk w. www.transition-lgr.org