Welsh Community Project Share Offer Open
Community energy continues to have a healthy profile across the UK, with communities and local groups finding innovative ways to develop and fund projects.
Awel Co-op in Wales are currently developing a two turbine wind project. Awel is a Community Benefit Society and its project will own and run two 2.35MW Enercon wind turbines on Mynydd y Gwrhyd, 20 miles north of Swansea. These turbines will produce clean, low carbon energy and are forecast to generate an estimated 12,558 MWh of clean energy a year, enough to supply over 2,500 homes.
The share offer for this community project is currently open, after the co-op raised £734k from an initial share offer before Christmas. Investment is accepted from £50 and the offer is open until 15 June 2016.
Find out more about the project and the investment opportunity here.
A number of communities are considering share offers as a possible way to raise funds for local energy projects here in Scotland as well. If you are interested in learning more, you can attend one of our “Getting Ready for Investment” events, being held across the Highlands and Islands over the summer. These events are delivered in association with Social Investment Scotland, Highlands and Islands Enterprise, and Community Shares Scotland. Find out more and sign up here.
These turbines are forecast to generate an estimated 12,558 MWh of clean energy a year, enough to supply over 2,500 homes