This summer saw the launch of the second share offer by Shropshire and Telford Community Energy. The fantastic news is that they have already raised £140,000 in the new share offer.  This is nearly halfway to the minimum target of £300,000 and a third of the way to the main target of £500,000. 

Thanks to all who've invested so far, including 32 new investors. If you haven't invested yet the offer will be open until Oct 19th. The minimum investment is £250, every little helps, offering a target interest rate of 6%. We expect to be able to repay the share capital within 11 years. We have already paid out the first 6% interest to our initial investors but future payments are not guaranteed. If you know anyone else who might be interested please pass it on.  See www.stcenergy.org.uk for full details.

The first share offer succeeded in raising the funds necessary to purchase the 10MW solar farm at Prees Heath.  This has enabled the delivery of significant community benefits local to the site, but also further afield across Shropshire, including Telford & Wrekin. For example, we financially supported the Festival Drayton Centre in its investment in rooftop solar PV to reduce its energy costs and generate income from exported electricity.  We are similarly supporting Wellington Orbit with funds towards their current programme of improvements.

This second share offer will help us secure the solar farm and our ability to deliver increasing community benefits to the people of Shropshire.