Support for Bathampton Hydro Project
Wednesday, August 11, 2010 at 4:30PM Carbon Leapfrog is giving pro bono support to the Bathampton Hydro Scheme, near Bath. The request for help came from Bath Community Energy Limited (BCEL) which is a new FSA-approved Industrial and Provident Society registered in England 30960 R (Bencom). The project, based at Bathampton Mill is likely to generate 50Kw daily subject to planning and generate 400 Megawatt Hours of green energy annually. The preliminary studies have been completed and the project has received a 75% grant for a Detailed Study, with the remainder of the money being financed by site owners, Mitchells & Butlers.
BCEL is run for the benefit of the community and has 6 directors and members. Carbon Leapfrog has assigned experienced project manager, Helena Farstad, to manage the support team, comprising law firm Simmons & Simmons, and Spartacus Consulting. The initial work involves supporting plans for a hydro scheme and photovoltaic projects in the Bath area, which will provide investment income and benefit to the community. It is also looking to expand to include wind over time. Bath Community Energy identifies, develops and invests in projects, which will provide an ethical investment to those in the community who want to get involved. This creates, importantly, a return - an income stream/surplus enabling the funding of further community projects. It differs from commercial developers in taking a longterm and ethical approach to investment return and in being able to re-invest some of the surplus back into further projects.





