Resilient Energy Alvington Court Renewables (REACR) manages a fully operational, community owned 500kW wind turbine in the Forest of Dean.
The Project aims to help create community resilience within the host community area and the broader Forest of Dean, with a primary focus on the community of Alvington and Aylburton and environs as well as the GL15 postcode area.
Business founded
2012
Headquarters
Gloucestershire
What they do
REACR is a Community Benefit Society set up to deliver community resilience through community-owned renewable energy, energy efficiency and energy education. Read more
Financial performance
REACR aims to raise the remaining £600,000 of their £1.35 million target to maintain a 500kW wind turbine. REACR have already completed a successful raise of £750,000 for the turbine.
Interest first payable
(2017 raise)July 2018
Forecast return
IRR over project life.6.2%
Social performance
REACR concentrates on projects that build community resilience against resource depletion, climate change and austerity through clean energy generation and community awareness.
Who benefits
REACRs purpose is to support local community resilience initiatives.
The Society aims to remove 200 homes from fuel poverty by reducing energy bills and to create at least 6 jobs in the area in the low-carbon sector.
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