Find out more tonight (Wednesday 27th September 7pm-8pm) about the Wight Community Energy (WCE) share raise and become a member of the Island’s only community-owned solar farm.
A Q+A will follow a short presentation. Register here.
Background
In the summer, Wight Community Energy (WCE) announced the second opportunity to purchase a stake in the Island’s only community-owned solar farm.
More than half of the target amount has already been raised, with another 30 days to get involved.
Why invest?
The WCE solar farm is projected to generate hundreds of thousands of pounds per year and £2.5 million over its lifetime in surplus revenues.
WCE will spend these surpluses in the community fulfilling its core mission: Tackling fuel poverty and accelerating the Island’s transition to a low-carbon future.
Established in 2015, WCE is an Island-based Community Benefit Society that exists to share the benefits of solar energy and to accelerate the roll-out of low carbon technologies.
Homestead solar farm
Running its first share offer in 2016, WCE brought the 4MW Homestead solar farm situated near Shalfleet, into community ownership.
The project generates enough energy for the equivalent of 1,525 typical homes and will save 31,000 tonnes of carbon over its lifetime.
Palmer: We are very excited about the future
Colin Palmer, Director and Shareholder at WCE comments,
“This is a unique opportunity to be part of a clean energy company that will deliver millions into the local economy.
“We are very excited about the future, and we hope that many people across the Island will join us as a shareholder and member of Wight Community Energy.”
6% interest per year
WCE is aiming to pay 6% interest per year to all investors and return £2.5 million of community benefit over the project lifetime.
Investments start at £250 and as well as financial return investors will become members of WCE. WCE’s share raise is being managed by Ethex, the UK’s leading online positive investment platform.
Find out more
You can find out more by the Wight Community Website and on the Ethex Website.
