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Shropshire and Telford Community Energy
Renewable Energy - Community Shares
Forecast
return
Shropshire and Telford Community Energy (STCE) is an established community benefit society that generates clean energy that benefits the community. They are raising funds to complete the purchase of a solar farm, capable of powering around 3,400 homes, carbon-free.
- Where your money goes
- Team
- Documents
- Updates
Updates
No updates.
Shropshire and Telford Community Energy
Society no. 8829
Shropshire, UK
Incorporation date: 15 March 2022
Your money will…
Tackle climate change by supporting STCE’s continued generation of solar energy, cutting carbon emissions.
Grow the UK’s clean energy transition by funding clean, community-owned solar energy generation.
Support vital local energy reduction initiatives with positive environmental and social impact through their Community Benefit Fund.
Earn a potential financial return Investments target a return of 6% and make investors members of the community benefit society.
The bigger picture
STCE was specifically set up to purchase the Twemlows solar farm and the group has ambitions to set up further, new community energy schemes in the local area. They are raising funds to complete the purchase of the fully operational Twemlows solar farm in Shropshire and bring it into community ownership. The Solar Farm:
- has been operational since 2015 and is improving biodiversity on its site
- has a maximum output of 10MW
- is capable of powering around 3,400 homes, carbon-free
- has total revenues over the next 18 years of around £28M
- has been distributing at least £20,000 PA to a community benefit fund, which STCE will channel into community benefit initiatives, including more renewable energy projects.
STCE is part of Community Energy Together, a collaboration of five societies and seven solar farm assets which have been cross-collaterally financed. Each solar farm is being purchased by a local society, increasing the capacity of community-owned solar energy in England and Wales by about 20%.
What your money will do
It’s your money, so you want to know where it goes and what kind of impact you’re making. Your investment in STCE will:
- enable this extraordinary community energy organisation to continue to fund social and environmental initiatives delivering benefits for the entire county.
- Bring the Twemlows solar farm into community ownership, reducing the impact of climate change and contributing to energy security through this and other local energy initiatives
- Empower local people and organisations to take control of their energy generation by creating 100% community-owned renewable energy, and
- Support Shropshire and Telford’s transition to a low-carbon future while supporting wildlife and biodiversity in the local area.
Team
STCE is determined to build on this successful model and this share offer will help them fund the next phase of their work:
https://stcenergy.org.uk/
Robert Saunders
Chair
Robert has been an active environmental campaigner since 1979. He is vice-chair, Transition Telford; secretary, Wellington LA21; a founding member of Zero Carbon Shropshire and a member of the Marches LEP energy strategy group. He holds a Dip. HE in Environmental Science, and a BSc in Managerial & Administrative Studies. Robert formerly worked for Marches Energy Agency on energy efficiency and renewables projects, and for Neighbourhood Initiatives Foundation on community participation, as well as various businesses in purchasing.
Fran Hunt
Secretary
Fran worked for the Automobile Association for 10 years as an IT project leader. She has since worked as a project manager/co-ordinator at a number of environmental and charitable organisations, including the Small Woods Association, Shropshire Wildlife Trust and Marches Energy Agency. Fran is currently employed by Sharenergy as a development project officer, and volunteers with many organisations in her spare time.
Dave Green
Treasurer and CET Representative
Dave has worked in community energy, energy advice, assessment and training for nearly 20 years. He was energy officer for the award-winning Household Energy Service in Bishop’s Castle from 2005-10 and a director of Shrewsbury Hydro from 2015-17. Dave is currently development manager at Sharenergy, working on a range of community energy projects across the UK
Howard Betts
Founding Director
Howard is a retired chemical engineer who has worked in technical and sales management with Ever Ready and set up, with colleagues, a new battery company in Telford when Ever Ready closed. That company is still thriving under its current owners, Aceon. He has been leading Little Wenlock Village Hall on its green journey for 15 years.
Mark Latham
Founding Director
Mark is an ecologist with over 15 years of practical experience working for academic institutions,private ecological consultancies, statutory nature conservation organisations and local government. Mark is a technical director at a leading UK infrastructure services and engineering company where his work seeks to embed biodiversity net gain and nature-based solutions into development projects. He has worked on the ecological elements of onshore wind, micro-hydro, offshore tidal and solar farm developments, including some of the largest schemes in the UK and Europe.
Team member
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Tim is an expert in affordable warmth and fuel poverty. He is currently the principal affordable warmth officer for Shropshire Council and is a member of their Climate Task Force. Previously Tim worked as a project manager at Marches Energy Agency and at Shropshire Citizen Advice Centre.He has a BSc and MSc in Sustainable Development from Bangor University and is a qualified domestic energy assessor.
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Interest accrual and payment
Interest payments will be agreed at our next AGM (Annual General Meeting), which we expect to hold in the early summer of 2024, and will be released shortly after this.
Getting your money out
Shares are not transferable, but requests can be made to withdraw share capital ahead of the timetable set out by the directors. In the first five years this will only be allowed under exceptional circumstances, after which the directors will endeavour to meet all withdrawal requests but cannot guarantee the request will be met.
Investing on behalf of children
Applicants must be 18 years old or more to participate in this offer.
Investments can be made on behalf of children at the end of the Ethex order process.
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