Share Offer 2019
Our 2019 share offer is now live!
Would you like to see more renewable energy in and around Reading? Would you like to make a return on your investment while supporting local sustainability initiatives?
Then our new share offer could be for you!
Building on the success of our 2016 solar panel scheme, we are pleased to launch our new share offer, providing the opportunity for you to invest in the installation of solar panels in the Reading area.
The scheme will help deliver cost-effective, low carbon energy to local organisations and businesses. We plan to install free solar panels on at least 8 buildings this spring, with 2 further opportunities also in discussion. The building occupants will receive fixed price electricity for the 20 year life of the project, with surplus funds ring-fenced to support further sustainability initiatives in the local community.
Applications are now open for individuals, organisations and businesses to invest in the scheme, with priority given to local investors (defined as having an RG postcode) and existing investors of the Society. We are looking to raise up to £363,000, with investments from £200 to £20,000 being invited. We are targeting 4.5% returns in years 1 to 3 and 5% returns from years 4 to 20.
Applications can be made using the application form at the end of the share offer, online or you can download an application form.
We anticipate closing the share offer on Friday 29 March 2019 at the Directors’ discretion, or sooner if fully subscribed.