Community energy project inviting investment from Congleton locals
By Evie Payne
14th Nov 2023 | Local News
Congleton locals can invest in a not for profit community energy scheme.
DVCE-CP (Dane Valley Community Energy – Congleton Park), a community benefit society, is embarking on a new renewable energy initiative following the successful completion of the Congleton Hydro project. This new endeavour aims to harness solar power for schools and businesses in Congleton, Cheshire and North Staffordshire.
As a community-owned project, DVCE-CP will utilise the company's assets for the benefit of the local community. The society will be managed by a committed team of volunteers and any surplus generated will be reinvested in the community.
By investing in Congleton Solar You Will:
- Help finance 431 kw of green coal power
- Reduce Co2 emissions
- Help local schools and sports clubs reduce their carbon footprint
- Provide cheaper electricity for local schools
- Facilitate green energy educational resources
- support local environmental and sustainable projects
To fund this project, a share offer has been introduced, allowing individuals and organisations to invest in the venture, with share amounts ranging from £100 to £50,000.
A spokesperson for the project said: "Our primary objective is to raise £530,000 through this share offer, enabling us to complete construction and initial operation. Investors will receive annual interest of 5% and their investment will be repaid over 15 years. The share offer is set to close on 31 December."
The community organisation aims to raise £530,000, and the team have so far welcomed £329,950 worth of investment.
By combining the power of community ownership and renewable energy, DVCE-CP seeks to create a positive and lasting impact on the environment and the local community.
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