North Kensington Community Energy is the only community energy project in the Royal Borough of Kensington and Chelsea. We have already installed 86kWp of solar panels on two local schools and a community center.

For our second project, we have installed 138 kW of solar panels on the Westway Sports and Fitness Centre, 1 Crowthorne Rd, London W10 6RP.

We are selling shares for the installed solar panels. The electricity generated will be sold to the Westway Sports Centre at a discounted rate while any surplus will be sold back to the grid.
By investing you become a shareholder (member) of our company (community benefit society) and will become a co-owner of these solar panels.
 
Offer opens: 26/10/2020
Offer closes: 31/01/2021
Minimum investment: £100
Community member minimum investment: £50 (to be eligible for the Community Member investment amount you must live in North Kensington AND either be aged 24 and under OR receiving benefits)

Company Name: North Kensington Community Energy Limited
Company Type: Community Benefit Society
Registration Number: 7799
Registered under Co-operative and Community Benefit Societies Act 2014

Financial
●    The project income is heavily reliant on the Power Purchase Agreement with Everyone Active.
●    Inflation may be higher or lower than the forecast of 2.5% used in the financial model. Lower inflation could reduce income from the Feed-in Tariff and export tariff which are index-linked.
●    The price of electricity can go down as well as up.
●    The sales of electricity to the site may be lower than forecast, notably due to Covid-19.
●    The shares are illiquid, and the Board of Directors may not feel in a position to allow withdrawal if and when required, so you may not be able to have your money back when you request it.
●    The value of the shares may be written down so you may not receive all your money back.

 
Operations
●    Operational costs for insurance, administration, service, and maintenance may increase over the life of the project by more than the amounts we have assumed.


Policy
●    Changes in renewable energy policy and legislation, especially to the value of the Feed-in-Tariff, could affect the project (nonetheless to-date, changes in Feed-in-Tariff legislation have only applied to new installations).
●    Legislative changes to the roles and functions of the Financial Conduct Authority or to those of other regulatory bodies may change the way in which North Kensington Community Energy Ltd is regulated.


Technical                                            
●    The amount of electricity produced may not meet the target, for example due to unexpected weather patterns or underperformance of the solar panels.
●    There may be interruptions to the generation of electricity caused by, for example, mechanical failure that could increase maintenance costs and impact revenue income.
●    There may be interruptions to electricity generation because of temporary roof repairs or maintenance works. This may result in reduced Member returns. However, we have selected roofs that are in a good condition and are working with the Westway Trust to minimise the impact on the project.
●    There may be damage to the site that interrupts electricity generation.
●    Although the installation will be fully insured for risks such as accidental and malicious damage, standard exclusions will apply including ‘Acts of God’.

This list is not necessarily comprehensive, and you should consider other risks that may impact the value of your investment.