On Saturday the 31st October Carmarthenshire Energy Limited (CEL) launched their Community Share Offer for a 500kW wind generator- the first of its kind in Wales since Eco Dyfi launched theirs near the Centre for Alternative Technology 10 years ago.
Carmarthenshire Energy is a not-for-profit community benefit society that works with communities to develop renewable energy projects and tackle fuel poverty. They are offering the opportunity to invest in their Community Share Offer for the £1.4m renewable energy project in Salem. The minimum level of investment has been set at £100 to enable as many as possible to join and benefit from the scheme.
As a community owned business, the scheme will generate income from the government backed feed-in tariff and, after paying on-going costs, the surplus – projected to be £2.5m over 20 years – will be reinvested by Carmarthenshire Energy in carbon saving and money saving measures for local businesses and householders, most probably in the form of grants and loans.
The Directors of Carmarthenshire Energy will be hosting drop-in sessions to provide information regarding the share offer scheme and answer any questions in person:
Saturday 31st October – Cawdor Hotel, Llandeilo, 10am – 2pm
Saturday 7th, 14th, 21st and 28th November – Yr Atom, King Street, Carmarthen, 10am – 1pm
Chair, Dr Neil Lewis, said:
“Particularly with the recent threats to the community energy industry as a result of the Feed in Tariff review, we are and delighted to be able to launch this project that will bring a great deal to the local economy.
Investors will see a good return on their money along with generous rewards whilst knowing they are joining an ethical, environmentally friendly scheme that will help to build resilient communities in Carmarthenshire.
At a time of year when many are worrying about heating their homes, projects such as this will protect vulnerable residents from high energy bills and ensuring they can afford to stay warm and safe throughout the winter. Lower energy bills will also mean more money available in locally owned businesses.
This scheme is quite literally power for the people.”
To register an interest in joining the share offer scheme, email: firstname.lastname@example.org
This page is also available in: Welsh