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Resilient Energy Alvington Court Renewables (REACR) is raising £1,350,000 to build a 500kW wind turbine in Alvington in the Forest of Dean. REACR offer a return on investment and aims to reinvest surplus in projects that will build community resilience.
REACR have completed a successful pioneer share offer which raised £300,000 for the turbine deposit, grid connection costs, and other early stage project costs.
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 £1.35 million to construct and commission a 500kW wind turbine. REACR have already completed a successful pioneer raise of £300,000 for the turbine deposit and other costs.
Interest first payable
July 2016
Forecast return
IRR over project life.7.5% (before EIS)
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 at least 6 low-carbon jobs in the area.
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