Register for the 2020 AGM
STRONG TRACK RECORD
Our first community share offer in 2012 was for the installation of Solar PV panels on community buildings. We raised £127,000 from 160 investor-members, and installed 63KW at Hamilton House in Stokes Croft, Knowle West Media Centre, and Easton Community Centre.
A second share offer for solar PV raised £120,000 for further installations at the Bristol Folk House, South Bristol Sports Centre, and Empire Fighting Chance.
Our third solar fund-raise in 2015-16 raised over £10 million. This enabled us to expand our portfolio to 11 community buildings and 2 community solar farms.We've paid our investor members the target interest rate on their investment for the four years that our schemes have been operating. Surplus profits from our schemes are paid into a community fund. This has helped fund free advice sessions on energy deals, bill management, and maximising energy savings.
Our latest bond offer closed on 31 August 2017 after raising over £700,000 for not only solar generation, but solar storage through a state-of-the-art Tesla battery.
OUR OBJECTIVES IN MORE DETAIL
We aim to support the creation of a resilient, robust and organised community, and respond equitably to current and future energy challenges, in particular to:
- Enable meaningful cuts in carbon emissions, and reduce dependence on unsustainable sources of energy.
- Fund and implement renewable energy and energy efficiency measures, in collaboration with people, communities and businesses.
- Work co-operatively with people and communities to make carbon reduction technologies available to all, regardless of financial resources, and support mutual action to respond to the challenges of climate change.
We are grateful to Bristol City Council for initial seed funding through its Community Energy Catalyst Fund.