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Tamar Energy Community

Tamar Energy Community 2020 Share Offer - OFFER CLOSED

£250 minimum

Now accepting overfunding

Due to the overwhelming interest in the share offer, the TEC Directors have agreed with their loan provider, the Low Carbon Society, to repay a further £32,000 of an existing loan and raise this amount in Community Shares. This additional repayment will reduce ongoing interest payments and leave a loan balance at the end of Oct 2020 of £10,000.

This will bring the total Community Solar Share Offer sum to be raised to £322,000.

Key facts

Offer status CLOSED
Product Withdrawable Shares
Investing in Renewable Energy
Offer opened 14th September 2020
Offer closed 29st October 2020
Location of project(s) Tamar Valley
Offer price, per share £1

 

Minimum investment amount £250
Maximum investment amount £100,000
Min. raise for offer to proceed £160,000
Maximum raise £290,000
Now overfunding to £322,000

Financial performance

Members should receive interest on their investment targeted to be at an annual rate of 5% with capital returned over 16 years. Interest will accrue from the date shares are allocated.

Social performance

TEC provides support and services in four main areas: energy advice, local energy innovation, sharing knowledge, and community-owned renewables.

Share offer

Learn more about key aspects of this share offer

Business profile

Aims, social and financial performance, and how it's run

Share offer document

The information on this website is only a summary of the offer document.

Before applying for shares the whole text of the accompanying share offer document should be read.

IMPORTANT INFORMATION FOR PROSPECTIVE INVESTORS

If you are in any doubt about the information on this website, the content of the accompanying Offer Document or the action you should take, you should immediately consult a person authorised for the purposes of the Financial Services and Markets Act 2000, who specialises in advising on investment in shares and other securities.

Prospective investors should be aware that the value of the shares, which will not be quoted, cannot go up, but can go down. In addition, there is no certainty that investors will get back the full amount they invest.

Offer Closed

 As of the 29th October 2020 this offer is closed.

Read more

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