Community energy scheme seeks new investors

Greater Manchester Community Renewables (GMCR), which has overseen three successful solar installations on local schools, has launched a new share offer to raise money for four more projects.

GMCR was established in 2015 to help deliver more renewable energy capacity across Greater Manchester.

The following year it raised £186,000 to install solar panels on three primary schools in Salford and a community centre in Trafford.

To date the solar installations have generated 125 MWh of electricity, saving the sites £3,000 on their energy bills. 

The schools also benefit from support to use the panels as an education resource to teach children about energy and climate change.

‘Unique opportunity’

GMCR has now launched its second community share offer to raise £145,000 for solar arrays at four more primary schools in Salford.

Investors receive up to 4 per cent interest per annum on their share, with the profits generated by Feed-in Tariff revenues expected to generate £150,000 over the life-time of the scheme to support other eco-friendly projects in the local area. 

GMCR describes the offer as “a unique opportunity for residents and businesses to make a positive impact on their local community and the environment, while also receiving a modest return”.

The minimum investment starts at £100. To find out more, click here.

 

Posted under General Interest and Environmental Technologies and Renewable Energy on 13 June 2018