RE: Ynni Ogwen Launch
As you may be aware, Partneriaeth Ogwen has been been responsible for developing a community hydro project on the River Ogwen over the past 2 years. This is a community led scheme. A scheme owned by community shareholders and run for the benefit of the community. I’m therefore writing to invite you to Ynni Ogwen Cyf’s community share offer launch at Neuadd Ogwen, Bethesda on the 27th of February at 2pm.
Ynni Ogwen Cyf is a community benefit society and our vision is to use the force of the flow of the River Ogwen to generate electricity and to use the generated profit to reinvest in our communities. Despite facing great challenges along the way, including FIT degressions, it is good to note that Ynni Ogwen Cyf still has a viable community scheme which will bring environmental and social benefits to the area. The scheme will generate approximately 500,000 kWhrs of green energy per annum, saving 245 tonnes of carbon emissions annually. The estimated annual income is approximately £68,000 with most of this going towards bank repayments and dividends to our community shareholders (between 3% and 5%). Any surplus will be distributed locally via a new charity, set up specifically to reinvest the profit in local community and environmental projects.
The costs of building the Ogwen Hydro scheme is likely to be approximately £500,000. On the 27th of February, we will be opening our community share offer, giving local people, local societies and local businesses the opportunity to invest in our venture. The launch will include presentations by Ynni Ogwen Cyf and also Ynni Anafon Energy, who have successfully raised capital and built a community hydro scheme in Abergwyngregyn. During the launch also, Alun Ffred Jones AM will say a few words and we will show a special promotional film about the project, specially produced by Cwmni Da to help promote our venture. More importantly, the launch will provide you with an opportunity to know more about Ynni Ogwen Cyf, our vision and our intentions in building this exciting and important community project.
The community share offer is open to individuals and organisations and we hope that you/your organisation will be interested in investing in our venture. More info on the project can be found on our website www.ynniogwen.wales or please feel free to contact me directly. In the meantime, we would welcome your presence at our community share offer launch. Please RSVP by email or by telephone on email@example.com or 01248 602131 by the 23rd of February.
Thanking you in advance for your support.
Meleri Wyn Davies
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