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Resilient Energy Mounteneys Renewables Limited

REMR - Withdrawable shares

Minimum: £250

Check back with this tab to find the latest project update. Latest update: 08/02/2016

Update 08/02/2016

REMR have exceeded their minimum fund raise of £1,000,500 giving them the finance to develop the turbines at Cherry Rock and Mounteneys Farms. The directors of REMR have now decided to extend the offer until the 31st March to raise £1.5m equity to maximise community ownership of the project.

Update 18/01/2016

REMR have exceeded their minimum fund raise amount enabling the Society to install its first wind at Mounteney’s Farm. The Society is now pushing to reach the minimum amount required to install its second turbine at Cherry Rock Farm, they have therefore reduced the raise amount to this minimum of £1,000,500. Once this target is meet the Society will seek to raise the remainder of the respective development funds required from debt finance.

Update 19/11/2015

Resilient Energy Mounteneys Renewables Limited have received advanced assurance from HMRC for SEIS and EIS.

Orders placed after the 30th November 2015 are no longer eligable for EIS or SEIS tax relief.

Update 18/11/2015

Reilient Energy Mounteys Renewables has received FIT pre-accreditation. The Project will obtain the FiT generation rate of 12.05p/kWh provided REMR commissions by 7th March 2017 and connects to the grid.

Update 27/11/2015

 Phase 2 offer (non-EIS) reopened on 27/11/2015

Offer Closed

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 As of the 31st of March 2016 this offer is closed.

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