Community share offer extended

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Community Power Cornwall, a “pioneering social purpose co-operative” created to help local people own renewable energy generation, is extending its current community share offer.

Community Power Channel executive director, Paul Martin
Community Power Channel executive director, Paul Martin

It had been scheduled to close last Sunday (September 14), but the share offer will now run until November 28 to allow more people to join the growing community energy movement.

Over £180k shares have already been applied for, eclipsing the co-operative’s first share offer in 2011 which raised £80k.

“The overwhelming response is evidence that people are becoming more engaged with community ownership of renewable energy,” said Paul Martin, executive director of Community Power Cornwall.

“As a result of our first share offer we now have operational sites and several more at advanced stages of planning, demonstrating our good track record as community energy developers.”

Shares are on sale for £1 each, with a minimum investment of £50 and a maximum of £100k.

The co-operative is taking advantage of the financial incentives offered by the Feed-in Tariff and, while it does expect to pay shareholders up to 6% interest on their shares, income will also be re-invested in further community owned renewable energy developments including helping other community groups get their own projects off the ground.

For more information, or to download a share brochure, click here.