More time for community energy enthusiasts!
Local green energy co-operative Harborough Energy recently launched its latest share offer and is celebrating having raised £88,450 of the target £149,700needed for installing 150kW of locally owned solar.
Set up in 2014 to run and support affordable, renewable energy projects in and around the area, Harborough Energy’s current share offer was due to close on 30th September but the team behind the local scheme have decided to give people more time to join in with its most recent project. “The great news is that the project will proceed now that we have raised our minimum target of £40,000, so people interested in investing can do so safe in the knowledge that the project will go ahead, the closer we get to our target, the more money we can generate to benefit the local community with the ambition being to pump over £50,000 into local community projects” explains Gavin Fletcher, one of the Directors of Harborough Energy.
Following the successful completion of a 68kW project in 2016, Harborough Energy is working towards the installation of an ambitious 150kW project in partnership with NBJ, a local high-quality joinery business in Harborough, with a share raise target of £149,700, the share offer will now close on 15th/31st October 2018 with installation starting in mid-November.
“We were really pleased to be able to complete our first project 2 years ago, this showed what was possible, but the latest project is over twice the size and will be a fantastic green addition to the local area” continues Gavin. “This is an exciting time for renewable energy, we are aiming for over 500 solar panels to be installed generating clean power which will be sold to a great local business bringing down local carbon emissions, with the profits generated going back into the community because Harborough Energy is a not-for-profit cooperative with volunteer Directors”
The share offer is being run through Ethex, an on-line ethical investment platform. Anyone interested can click on the link on the front page of the Harborough Energy website or go direct to www.ethex.org.uk/HarboroughEnergy2018 to read more about this opportunity. Harborough Energy are targeting a 4% annual return for investors over a 20 year period.
Denise Marsdon of Harborough Energy is also urging anyone who is interested in benefitting from the project to make themselves known. “Harborough Energy would like to hear from any businesses or schools who would be interested in hosting solar panels for the scheme. Whether it’s something you might be interested in now or in the future, please contact me at firstname.lastname@example.org ”
Harborough Energy: Gavin Fletcher
Or - Denise Marsdon