NORTH KENSINGTON
COMMUNITY ENERGY
Following the successful installation of 83 kWp of solar panels on Avondale Park Primary School, Thomas Jones Primary School and the Dalgarno Community Centre, North Kensington Community Energy are continuing our work in the borough. Working with the Westway Trust we are planning to install 150 kWp of solar panels on the Westway Sports Centre in spring 2020.
These solar panels will save up to 32 tonnes of CO2 a year from being pumped into the atmosphere while creating a community fund for local projects.
North Kensington Community Energy, Repowering London and the Westway Trust have been working in partnership to develop this project and offer free workshops for young people in the borough. The project has been developed by Repowering London and the Royal Borough of Kensington and Chelsea Climate Change Team, with the support of the RBKC Council Leadership.
We aim to make Kensington and Chelsea a leader in community energy and help the transition to a net-zero future.
North Kensington Community Energy hold regular meetings to develop our project. If you would like to get involved please complete the form by clicking the button below:
The benefits to the community
COMMUNITY FUND
CHEAP & CLEAN POWER
EDUCATIONAL ACTIVITIES
ETHICAL INVESTMENT
FIGHTING CLIMATE CHANGE
TACKLING FUEL POVERTY
COMMUNITY COHESION
How it works
A community benefit society is set up which runs the project and also serves as the vehicle through which funds are raised. Community benefit societies are legal entities whose statutory purpose is to serve the broader interests of the community. By using this model we ensure that financial returns are locked into Lambeth,delivered back to the community, thereby delivering a truly socially responsible energy project.
Local residents, businesses, councils and other stakeholders can invest in the society by purchasing shares and becoming shareholders and members. The society is run by its members and a board of directors who come from the local community. Governance of the society is truly democratic as each member has one vote, regardless of the amount they invest.
The funds raised through the shares allows the society to buy and install renewable energy assets (solar panels) and provides an income stream. Shareholders receive a competitive return on their investment in the range of 3-4% per annum. After meeting core costs and investor returns, surplus income is ring-fenced to be spent within the community.
