Business support from the Energy Service has enabled Egni Co-op, to strengthen its ‘energy as a service’ business model.
Summary
Egni Co-op, a community energy group, has installed over 4.8 MW of solar PV across nearly 100 rooftops in South Wales. In 2023 to 2024, the Energy Service supported Egni to refine revenue modelling across its renewable energy portfolio, strengthening the viability of its ‘energy as a service’ business model.
Our support
Strategic financial modelling, portfolio analysis, and support with funding applications for ongoing solar installations.
Technology solution
- Estimated 240 kWp of solar PV installed in 2023 to 2024.
- Ongoing £2.3 million project supported by £990,000 from the Welsh Government Local Energy Grant.
- Rooftop solar installations across schools, community buildings, and public sites.
Investment
- £2.3 million total project value, with £990,000 funded by Welsh Government Local Energy Grant.
Impact
- Estimated 230 MWh generation capacity from 2023 to 2024 installations; rising to 1.89 GWh when all sites are operational.
- Estimated 930 t CO₂e savings forecasted over project lifetime.
- Projected equity returns of £470,000 to be reinvested into further community energy projects and educational support for schools.
