In a previous article we set out the case for Local Community Energy Co-operatives as a valuable way forward in reducing our reliance on damaging fossil fuel energy sources. Now Malvern Community Energy Co-operative (MCEC, set up by Transition Malvern Hills) is offering you the opportunity to invest in this attractive, ethical investment in community renewable energy generation.
There are now examples in the UK and a very large number of community schemes in the rest of Europe. To see some of the UK schemes visit www.sharenergy.coop, local examples are Leominster Solar PV panels on the leisure centre, Woolhope Woodheat Biomass boilers and wood supply and Neen Sollars Community Hydro.
MCEC has a team of 10 volunteers determined to make this work locally. We are now completing the Share Offer document so that local people can decide whether they want to join us as members of the Co-op by subscribing/investing in our first project to put Solar PhotoVoltaic panels on the Malvern Cube.
We have chosen the Cube as our first building because of the additional social value we can create by reducing the Cube’s electricity bills, as well as being capable of delivering a modest return to MCEC’s members/community subscribers. Could you be one of them? The minimum shareholding is £250. We are still finalising the sums but we expect the average annual rate of return to be in excess of 3% for non tax payers and more than twice that for tax payers.
There will be a Launch meeting for the Share Offer at the Cube at 8pm on the 10th March. We are collecting details of people interested in investing so we can keep them up to date.
If you are interested or even excited about this new and very important venture, contact at www.malverncommunityenergy.org
MCE Poster for circulation and display (pdf).
UPDATE: link to share offer information