The Low Carbon Hub Community Energy Fund is aiming to raise £1.5 million of equity in this round to pursue a range of opportunities that will enable it to strengthen and grow its portfolio of community energy projects.
Low Carbon Hub was thrilled to raise £734,900 of investment into the Community Energy Fund in the previous round in 2019. This money is already being put to work to support community energy projects across Oxfordshire, for instance allowing them to buy out Oxford City Council’s short-term debt in the existing solar 2016 portfolio, as well as supporting the new projects pipeline, providing the long-term capital to fund solar PV arrays at Sonning Common Primary School, Longfields Primary and Nursery School, and more.
By investing in the Low Carbon Hub, you will help to:
1. Grow its portfolio of renewable energy generation projects:
- Growing the portfolio of rooftop solar PV arrays
- Developing ground mount solar PV sites
2. Replace £200,000 of debt funding for Sandford Hydro.
The Community Energy Fund was set up in 2018 to offer investors a more flexible way to invest. Since its inception, we’ve already raised over £1.5 million through the Fund.
A key area of social impact delivered by Low Carbon Hub is the revenues that go into community benefit, it is forecast that across the lifetime of the current project portfolio £2.5m will go into this Fund.One way that monies are spent for the community benefit is the giving of grants to support the work of Low Carbon Community Groups across Oxfordshire.
For example, £9,492 was given to Power Down East Oxford for a thermal imaging project to reduce the carbon emissions of households in East Oxford, by raising awareness of energy-efficiency measures, educating people about how to reduce their energy use and encouraging the installation of energy-saving measures.