Everywhere in the UK, native vitality teams enable communities to take a position straight in renewable vitality technology of their neighbourhood. We wish to assist them get probably the most out of this inexperienced energy, and encourage different communities to become involved in pumping extra renewables into the grid.
Deliver on a brand new period for native renewable vitality technology.
We’re launching Co-op Group Power, a brand new three way partnership with the Midcounties Co-operative.
By funding and utilizing native renewable energy from the group, for the group, when the solar shines, the wind blows and rivers run, we are able to take the strain off the nationwide grid and save the world from utilizing much more fossil fuels.
Greg Jackson, Octopus Power CEO and founder
What’s Group Power?
Everywhere in the UK, there are native vitality teams which permit communities to take a position straight in renewable vitality technology of their neighbourhood and past – whether or not it’s from photo voltaic panels on rooftops, wind generators on farmland, or hydropower from the native river. Buying Group Energy means you may assist native communities throughout the nation, and we pay the mills a good value for the facility they produce. The income they obtain can go straight in direction of group initiatives from nature conservation efforts to insulation for properties in deprived areas.
How will Co-op Group Power Assist?
We additionally purchase vitality straight from these native vitality teams through contracts known as Energy Buy Agreements. This enables group mills to get truthful costs for the facility they’re promoting, and implies that extra inexperienced vitality will get pumped into the grid for everybody’s profit.
Combining Octopus Power’s signature technological agility, and Midcounties Co-operative’s wealth of group technology expertise, Co-op Group Power will facilitate larger funding in group vitality throughout the UK.
We’ve already secured 13 new Energy Buy Agreements (PPAs) together with 5 hydro-electric websites owned by the Nationwide Belief throughout Wales.
Up to now, we have teamed up with 84 group initiatives across the UK
Here is just some of them:
Osney Lock Hydro
Osney Lock Hydro was the primary community-owned hydro scheme to be constructed on the Thames. It generates greater than 179,000 kWh of fresh electrical energy yearly. Our founder Greg went to go to the location together with some legendary leaders in group vitality to launch of our thrilling new venture…
Westmill wind and photo voltaic farm
This enterprise was born when an Oxfordshire group banded collectively to develop renewable technology on native farmland.
Their wind and photo voltaic technology is sufficient to energy 4,500 properties, and 100% of this renewable vitality is bought by Co-op Group Power. A big proportion of the income go straight to the Westmill Sustainable Power Belief, who promote vitality effectivity and supply grants to others who can assist advance renewable initiatives.
- 5 50 metre wind generators. That is sufficient to energy 3,000 properties, and save roughly 5,000 tonnes of CO2 per 12 months.
- 30 acres of photo voltaic panels. That is sufficient to energy 1,500 properties, and save roughly 2,000 tonnes of CO2 per 12 months.
Sandford Hydro
Powering 1,200 properties utilizing vitality from the Thames
Within the early 2000s, a gaggle of green-minded associates in Sandford-upon-Thames dreamt of producing clear vitality from a small weir within the river close to their properties.
Over 400 particular person traders (most from Sandford and Kennington) helped fund the generator, and 10 years later, Sandford Hydro now generates sufficient vitality to energy all the village of over 1,200 individuals.
They promote this inexperienced energy to us, and use a few of their income to spark extra improbable initiatives like this one geared toward lowering carbon emissions.
