Home > Uncategorized > Your last chance to support Cornwall’s first community-owned renewable energy co-operative

Your last chance to support Cornwall’s first community-owned renewable energy co-operative

Your last chance to support Cornwall’s first community- owned renewable energy co-operative
Public share issue closes on
Sunday 12th June

Community Power Cornwall launch on the beach at Gorran Haven
Community Power Cornwall’s objectivesCommunity Power Cornwall seeks to ensure that local communities are at the forefront of the clean green energy revolution in Cornwall.

We’re putting the interests of the community at the heart of our plans and the common ownership model we’ve created for the co-operative will contribute to a diverse, sustainable and secure energy supply infrastructure, under community control and for community benefit.

We have raised £283,307 including £33,750 share applications so far!In the past twelve weeks Community Power Cornwall has raised £33,750 through our public share issue but securing more money through our share issue means that we can borrow less from commercial lenders, ensuring that the financial benefits are enjoyed by shareholders in Cornwall.

Expected returnsShares are available at £1 per share with a minimum investment of £50 and a maximum of £20,000.Community Power Cornwall will take advantage of the financial incentives offered by the Feed-in Tariff and expects to pay shareholders a return of 1% in year one rising to 7% in year five.

Surpluses made through the venture will also be allocated to re-investment in further local renewable generation capacity and community grants for low carbon activity

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Visit us at the Royal Cornwall ShowYou can find us in the Green Energy Village on stand 256.  Pop in to pick up our share offer brochure and we’ll be happy to talk to you about our plans and answer any questions.

Endurance E-3120 50KW wind turbine
First phase projects using locally tested technology

Our initial share offer is for three Endurance E-3120 50kW wind turbines.

This model of turbine can already be seen at a site close to Chiverton Cross near Truro, which produced over 20,000 kW hours in its first month – enough to power 4.5 homes for a full year!

Your opportunity to make an ethical investment

Its now make or break time to ensure that communities take an active role in Cornwall’s renewable energy future.

For information about this ethical investment opportunity you can download the full share brochure and application form at
www.communitypowercornwall.coop until 12th June 2011 when this share issue offer closes.

You can also call us to request a hard copy on 01209 614975 ext 9209.

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