Dane Valley Community Energy – Congleton Park (DVCE-CP), a community benefit society, is embarking on a new renewable energy initiative following the successful completion of the Congleton Hydro project. This new endeavour aims to harness solar power for schools and businesses in Congleton, Cheshire, and North Staffordshire.
As a community-owned project, DVCE-CP will utilise the company’s assets for the benefit of the local community. The society will be managed by a committed team of volunteers and any surplus generated will be reinvested in the community. To fund this project, a share offer has been introduced, allowing individuals and organisations to invest in the venture, with share amounts ranging from £100 to £50,000.
The society’s primary objective is to raise £530,000 through this share offer, enabling them to complete construction and initial operation. Investors will receive annual interest of 5% and their investment will be repaid over 15 years. The share offer is set to close on October 31st.
By combining the power of community ownership and renewable energy, DVCE-CP seeks to create a positive and lasting impact on the environment and the local community.
There is a launch event on Tuesday 18 July from 7 – 8pm in Congleton Town Hall. Pre-booking is helpful but not essential. For more details: https://www.eventbrite.co.uk/e/congleton-solar-community-share-offer-tickets-675191404667
You can view the share offer at: www.congletonsolar.co.uk