Documente Academic
Documente Profesional
Documente Cultură
Jamie Chivers
project manager
Mark Sydney
principal
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“share the love”
spreading the knowledge
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Royalty Based Model
Landowner Royalty
Landowner Agreement
Renewable Energy
Project
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Community/Developer Joint Venture
Capital
Community
Landowner Developer
Fund
Capital
Royalty Skills &
Capital
Renewable Energy
Project
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Cooperative Development
Capital
Community
Landowner Fund
Majority
Ownership Capital
Royalty
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Hepburn Wind
Australia’s First Community Owned Wind Farm
Active Membership
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Wind Monitoring
Risk to Landowner
Traditional Joint Venture Coop
Low Medium High
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Working Capital
When?
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Seeking Planning Approval
Risk to Project
Traditional Joint Venture Coop
Medium Medium Low
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Connection Agreement
Risk to Project
Traditional Joint Venture Coop
Medium Medium Medium
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Commercial Phases
Signing Off-take
Risk to Project
Negotiating Turbine Traditional Joint Venture Coop
Supply and Operations
Low Low High
Project Financing
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Development Milestones
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Conclusions
Traditional Vs Joint Venture Vs Cooperative….
Traditional
•Low Risk,
•reasonable return,
•but limited community participation
Joint Venture
•More risk,
•stronger return,
•and improved community participation
Cooperative
•More risk,
•lower return,
•but high community participation
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Questions???
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