For all you lovers of community energy, here is an update from our friends at Sharenergy:
Dear Community Energy supporter
A quick update for October.
YnNi Teg share offer now open.
We are pleased to announce that a new community wind turbine share offer is now open. YnNi Teg (Fair Energy in Welsh) is a new Welsh society that has just commissioned a single 900 kW wind turbine in West Carmarthenshire within very tight FIT deadlines.
Because of the need for speed, construction was undertaken with loan finance. Now YnNi Teg needs to raise capital from shares so the loans can be repaid. Surplus will go to a local community fund and to support the future work of Community Energy Wales to help groups in Wales build more community energy projects, and shareholder members are projected a 5% average return.
This share offer features a new innovation for Sharenergy – you can apply for shares online and can pay by card online if you wish on our new secure website. Full details can be found on the project website www.ynniteg.cymru
Oldham Community Power
There is still a chance to join Oldham Community Power who have put up 6 solar installations on schools and public buildings in partnership with Oldham Council. The share return is projected at 4% – see their story so far here.
As always we are working on new projects – we are actively involved in development of wind, hydro, solar PV and district heating projects across the UK despite the considerable difficulties created by a lack of joined-up energy policy in the UK. If you have new ideas then please do get in touch – we are always keen to discuss how to create new projects or rescue good projects which have stalled.
We liked the sound of this work on community energy from an undergraduate at University of Birmingham – you might like to participate in his questionnare here if you have the time.
All the best
The Sharenergy team
Sharenergy Co-operative, The Pump House, Shrewsbury SY1 2DP www.sharenergy.coop 01743 835242