Community Energy Birmingham co-operative’s share offer extended

cecSome time ago a sister site reported an invitation to invest in the Community Energy Birmingham co-operatives share offer in order to fund the installation of solar photovoltaic arrays on community buildings in Moseley and Small Heath, Birmingham.

The solar panels generate clean and cheap, renewable electricity which is provided at a generous discount to the host buildings. The surplus is then exported into the local grid. Community Energy Birmingham earns revenue from the Feed-in-Tariff payable on all the electricity generated, as well as from the sale of the electricity to the host organisation. This will enable the repayment of the cost of the installations and provide a fair rate of return to investors.

CEB now has most of the investment sought for the solar roofs, £50,000 towards its £65,000 target which will see four sets of sunlight catching panels fitted to the Moseley Exchange , a creative workshop space, and the Ackers Adventure centre in Small Heath.

The deadline has now been extended to 2nd October, see the article in the Birmingham Post about Community Energy Birmingham, which is hoping to raise the last £15,000 from local investors to get three solar roofs installed on community buildings in time to beat the government’s planned cut to the Feed in Tariff rates.

Below is the link to the Share Offer Document – Birmingham applicants prioritised but others welcome to apply: http://communityenergybirmingham.coop/share-issues/share-offer-document/

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This entry was posted in Co-operative movement, Democratic participation, Worker co-operatives and tagged , , , , , . Bookmark the permalink.

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