In its first share offer – to raise capital to fit solar panels to Westfield Academy and the Abbey Community Association’s community hall – South Somerset Community Energy has now had applications passing the £100,000 mark!
John Clark, founder of the Society said, “This is fantastic progress for our first share offer, and a real momentum has now built up. We are really grateful to those who have recognised that this is a local ethical investment with an excellent return and substantial tax breaks. There is still time to benefit, so get onto www.SSCom.Energy and make your investment, whether it’s £50 or £25,000!”
Those wishing to invest can see the share offer prospectus at www.SSCom.Energy or to invest online, go straight to ethical investment platform Ethex on www.ethex.org.uk/SomersetCE
Selected supplier brings system improvements all round
South Somerset CE is also delighted to announce that the contract to install the panels at Westfield Academy has been awarded to Solarsense Renewable Energy, a Bristol-based company that has successfully delivered renewable energy in the South West for over 20 years.
John commented, “What impressed both us and Westfield Academy about Solarsense was their thoroughness and the care they took to optimise the system”. This has resulted in an improved prediction for the benefit to the school, the environment and the community.
The improved system design will deliver 250kW instead of the 205kW previously, an increase which will provide much more cheap electricity to the school in the off-peak months. The benefit to the environment in an average year will now be 120 tonnes of CO2, and the community fund that the project will accumulate is calculated at over £80,000 by the end of the 20 year cycle.
David Snape, the Solarsense sales manager for the project commented, “This is a great project and could be the first of many for this go-ahead Society in South Somerset. We at Solarsense hope this is the beginning of a long and successful association.”