An introduction to South East London Community Energy and

to our share offer

About South East London Community Energy

• We are a group of skilled Greenwich and Lewisham residents who share a vision;

A low carbon future in which everyone can access affordable energy to meet their needs and a has voice in how that is produced

• The first public meeting was in March 2014 followed shortly after by the first directors’ meeting

• We registered as a Community Benefit Society in June 2014• Approximately 4000 volunteer hours spent to date on the project• The team includes professionals in the fields of finance, solar

engineering, community engagement, campaigns and marketing.

Our Mission

We believe that communities, regardless of financial resources, should have access to the

benefits of affordable low carbon technologies. We collaborate with local residents,

businesses and organisations to reduce fuel poverty, and develop financially, socially and

environmentally sustainable projects which increase energy efficiency, produce local

renewable energy and accelerate the transition to a low carbon energy generation system.

SELCE raises £250,000 from investors through a Community

Share Offer

A government subsidy known as the Feed in Tariff is paid to SELCE

for every unit of electricity generated (regardless of

whether it is used by the school).

£ The Schools will purchase solar electricity from SELCE at less than

half the cost of electricity from the grid

Any surplus electricity is exported to the grid and sold to an

electricity supplier.

This is used to purchase 200kWp of solar panels to go on the roofs of 4 local schools

The returns from The Feed in Tariff allow SELCE to

•Repay investors with a 4% return•Pay for maintenance, repair and

insurance•Put a small fund aside for fighting

fuel poverty in SE London

The Project

• We are raising finance to install solar arrays on 4 Schools;

• Mulgrave School and Children’s Centre;

• Charlton Park Academy

• Horniman Primary

• Ashmead School

• Each of these installations are 49.5 kWp in size. SELCE will own and operate

the systems

• 3 sites were pre-registered in Dec 2014 and the last in Aug 2015.

• GHG Energy will install the panels at all sites.

• GHG estimate that each installation will take one weekend

The Social and Environmental Benefits

Schools will benefit from

reduced electricity costs. Taken

together they will save £358,000 over 20 years

Solar panels and the accompanying display will be used

as a tool for environmental

education

£90,000 will be used to tackle fuel poverty in the

wider community.

94.23 tonnes of CO2 avoided each year

SELCE’s Fuel Poverty Alleviation Work

• There are 21,342 households in Greenwich and Lewisham that cannot keep their homes warm in winter

• SELCE will use any financial surplus for projects that support for those who are most effected by fuel poverty.

• Last year we gave energy advice to 348 vulnerable households and trained 98 front line workers in giving energy advice thanks

• We are currently delivering our ‘People Power Café’ funded throughout this winter giving vital energy related advice accompanied by tea and cake

Financial Benefits for Investors

•A projected return of 4%•Capital repayment in or before year 20•30% Enterprise Investment Scheme (EIS) tax relief for eligible UK taxpayers•Exemption from inheritance tax if held for 2 years•All shareholders are members and entitled to vote on key decisions at the AGM

Key Risks for Investors

•Feed in Tariff change

•Solar Performance

•Technical Breakdown

•Economic conditions

•Theft and damage

•This Share Offer has been awarded The Standard Mark

How to Invest

• Online via the Microgenius Platform: • Offline: Fill out an application form and

transfer funds. Reference your transfer with your initials and your date of birth

• Funds are held in trust until the end of the share offer period – 11th November. Then Directors of SELCE will formally approve

• Share Offer certificates and EIS paperwork issued.