Share Offer November 1st Nov – 31st Dec 2016
The Share Offer has closed early as the target has been reached. Please sign up to our mailing list to find out about future Share Offers.
Read more details on our Blog.
Sheffield’s second opportunity to invest in community owned renewable solar energy.
We launched our second Share Offer on Tuesday 1st November, giving local people another opportunity to invest in and benefit from community owned renewable solar energy produced right here in Sheffield. We intend to build upon our successes to date and raise £70,000 in order to deliver two more PV schemes, installing another 56 kW of renewable energy.
The shares are offered as a social investment for public spirited and environmentally aware individuals and organisations. The aim is to provide an attractive ethical investment opportunity for local people, businesses and organisations who will receive a modest return on their investment. “Investing in Sheffield Renewables is about more than financial returns, it is also about putting something back into our city and contributing to a more sustainable future,” says Chris Broome, an existing investor.
In addition, the solar projects provide financial savings to the local organisations, as we sell the electricity generated to them at a significantly reduced price. Furthermore, as a Co-operative and Community Benefit Society any surplus revenue generated from the electricity produced is placed into a community benefit fund. This will be used to support further community renewable energy and energy efficiency projects in the Sheffield area. Members of Sheffield Renewables will be able to vote on how we make use of the Community Benefit Fund at our next AGM in the spring of 2017.
Dr Richard Collins, Chair of Sheffield Renewables, believes that this share offer is about “more than investing in a renewable energy scheme, it’s also about building and strengthening a community. The challenges of climate change and creating a sustainable society are enormous, yet bring with them a great opportunity to work together. Renewable energy is part of the solution and there is a growing movement of communities, such as ourselves that have come together to make local renewable energy supplies a reality. We’re looking to build on the success of our first community share offer which was held back in 2012, and give local people a new opportunity to invest in local clean renewable solar energy schemes. We want to continue to pioneer community owned renewable energy which benefits the Sheffield’s community and the environment and not the big energy companies.”
Sheffield Renewables is always on the lookout for new organisations to work with to develop potential new community owned renewable energy projects. If you know of any organisation that might be keen to be involved with such a project please get in touch via firstname.lastname@example.org