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Summer news from Sharenergy

Quick round up of news from Sharenergy

Some quick summer news from Sharenergy:

Wester Derry Wind Co-op

Today was the deadline for the Wester Derry Wind Co-op share offer. They have reached the sum of approximately £505,000, which is 63% of the total.

Discussions have been going on with organisations which are prepared to buy up any shares remaining, so the co-op will now definitely go ahead. All existing applicants will get the full share allocation applied for.

In order to give a last opportunity for members of the public to join the co-op, they will be extending the share offer by a further 2 weeks. It will now end on 15 August but will not be further extended. This means that they can get on with the building and installation of the turbine while the weather is still good.

If you would like to join their 120 members then this is your last opportunity.


Leominster Sunrise Co-op

Close to two thirds of the total has been raised in the first six weeks of the share offer and the directors have now decided to extend it, on a rolling basis. This means that everyone who has applied for shares so far has been successful and new applications will be taken on a first come, first served basis from now on.


Corwen Hydro pioneer share offer launch

Plans are developing fast for a community hydro scheme in Corwen, in North Wales. The scheme will involved a 42kW pelton wheel being fed from Nant Cawrddu which flows down into Corwen from the hills just south of the town. The NRW licence application has been submitted and the final touches are being made to the planning application, and support is strong for the scheme both locally, and from all the authorities involved. A pioneer share offer of £25,200 has just been launched to raise the money needed to complete the development phase. To find out more, or to download the share offer document and application form, visit the website You should note that these are pioneer shares and that they are potentially at risk if the project does not go ahead.



The future


Plans are developing for some great new solar, hydro, biomass and wind projects across the UK and it looks like there will be some more co-ops launching very soon - one of these is a culmination of something we have been working on for 6 years - details to follow as soon as we have them.


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