Buckfastleigh Transition Town – for a sustainable future for Buckfastleigh, Devon
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  • Open Meeting – South Brent Community Energy Society – Wed 13th March

    Posted on March 11th, 2013 Steve 1 comment

    SBCES

    South Brent Community Energy Society (SBCES) are giving you the opportunity to buy shares in the Society to fund the erection of a 225kW wind turbine at Marley Thatch, South Brent. On Wednesday 13th March at 7:30pm, BTT will be hosting an open meeting in Buckfastleigh Town Hall to provide more details on this project.

    SBCES have planning permission for the turbine, which is expected to generate around 100 homes’ worth of electricity and save 200 tonnes of CO2 each year. It will generate low carbon electricity which will be sold into the local grid.

    The income from this (plus the ‘Feed-In-Tariff’ subsidy) will be re-invested in energy efficiency and further renewable energy generation for public benefit locally. This could mean £120k to £400k,  into the community over the 20 year lifetime of the project!

    The total investment sought is £420,000 and to date £265,000 has been raised from investors (mostly from South Brent).   This is now being extended out to the wider community.

    This is a rare opportunity to buy shares in the Society to fund the wind turbine. As subscribers you could receive annual interest of around 5% averaged over the 20 year life of the wind turbine. With EIS tax relief (for UK taxpayers) this could be up to 7.1%. The minimum you can invest is £200 and the maximum is £20,000.

    There are only about 50 other community energy projects (running or being set up) in the whole country.

    As part of a network of community and cooperative enterprises, whether they are generating power, marketing food or reopening a local shop, supporting this project will help others in South West Devon as we pool experience and knowledge.

    For more information on the share offer, an application form and the SBCES FAQs sheet, please go to their website or contact them on 07795 257849 or at info@sbces.org.uk.