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.
|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|
|Now overfunding to||£322,000|
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.
TEC provides support and services in four main areas: energy advice, local energy innovation, sharing knowledge, and community-owned renewables.
Learn more about key aspects of this share offer
Aims, social and financial performance, and how it's run
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.
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.
As of the 29th October 2020 this offer is closed.
The Ethex team are here to help from 9am to 5pm
01865 403 304