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Gower Regeneration - OFFER CLOSED

What they do

Gower Regeneration is Community Benefit Society set up to run a community-owned solar energy farm sited outside Swansea. The Society has been running since 2017 and is committed to supporting social enterprises in the Swansea area.

The project

This offer is Wales’s first community-owned solar farm and has been co-ordinated with the help of Gower Power Co-op CIC.  In March 2017 Gower Regeneration's solar array was commissioned, meeting the deadline for the Renewables Obligation: a subsidy that will make up over 50% of the Society’s income for the next 20 years.  The commission and build was secured through a £992,000 loan from Finance Wales.

This community share offer for up to £1.085m now enables you to invest in, and take ownership of, the scheme. Gower Regeneration wants to support fantastic local projects with far-reaching social benefits and expects to generate a surplus of over £550,000 towards this aim.

The Welsh Government loan used to build the farm needs to be paid off.  Repaying the loan with generated income would be possible, but your investment will offer Gower Regeneration a better return than an institutional lender and therefore enable a greater surplus to be created so that the long-lasting benefits the Society aspires to create can be delivered.

About Gower Regeneration

Gower Regeneration Ltd is Wales’s first community owned solar farm, producing clean electricity.

The solar farm started generating electricity on the 31st March 2017 and is the result of 3 years of design and development. It will generate clean electricity for the next 30 years. The solar farm is producing clean electricity (1,026,983 kWh), enough to power the equivalent of 300 average sized Swansea houses. It will contribute to meeting Wales’s target to reduce net carbon dioxide emissions by 80% of 1990 levels by 2050.

The Society aims to deliver wider benefits through reinvesting income into local social enterprises, such as Gower Heritage Centre and Cae Tan Community Supported Agriculture, to create training and employment opportunities and also by working closely with the neighbouring Pen Y Fro Primary School to harness educational benefits.

Track record

The idea for a community-owned solar scheme at Killan Farm was first conceived in July 2014. The Project has received extensive technical and financial support through the Welsh Government’s Ynni’r Fro and Local Energy Service to carry out feasibility studies and a planning application was approved in December 2015. Further detailed technical studies were then carried out before the project was put forward to Finance Wales for a loan in late 2016 and following comprehensive due dilligence from Finance Wales a £992,000 loan was awarded to cover all construction costs.

On 31st March2017 the 1 Megawatt solar array was commissioned, meeting the deadline for the Renewables Obligation; a subsidy that will make up over 50% of this project’s income for the next 20 years.  The site is now producing enough clean electricity to power over 300 average sized Swansea homes and is forecast to make over £100,000 per year.

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