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Low Carbon Hub raise £1.5 million on Ethex for a better energy future

 

In March 2020 the Low Carbon Hub opened their Community Energy Fund to new investment on Ethex. They had a target raise of £1.5 million to support local projects tackling climate change.

They’re thrilled to announce that on the evening of Wednesday 9 June they reached the target of £1.5 million of investment – 24 hours before the official closing date.

Both Ethex and Low Carbon Hub have been absolutely blown away with the huge amount of interest received in investing in this round of the Community Energy Fund, especially over the past week. However, this has meant that Low Carbon Hub have had to close the Community Energy Fund a day early to avoid overcapitalisation.

But they do anticipate being able to reopen the Fund soon, as they have a pipeline of upcoming renewable energy projects which will require funding – so if you were thinking of investing but didn’t get the chance this time, don’t worry - there will be further opportunities.

If you’d like to be the first to know when the Low Carbon Hub’s Community Energy Fund is reopening for new investment, please sign up to the Ethex mailing list and keep an eye on our social media platforms for news.

What is the Community Energy Fund?

The Community Energy Fund is the investment opportunity that puts investors’
money to work delivering local projects to tackle climate change, and pays
them interest in return for their support.

Since its inception in 2018, the Low Carbon Hub has already raised over £1.5 million through the Community Energy Fund, bringing the total amount invested to almost £6 million, by over 1,000 investors. 100% of the surplus made from selling renewable energy is used to support further community action on climate change.
Over £500,000 has been donated since the Hub’s inception in 2011.

What will the £1.5 million raised be put towards?

The money invested in the fund is used to grow the Low Carbon Hub’s portfolio of community renewable energy projects in Oxfordshire, increasing the generation of green energy and to deliver ground-breaking collaborative partnerships which are accelerating the transition to a zero carbon energy system.

Barbara Hammond MBE, CEO of the Low Carbon Hub says:
“We’re absolutely thrilled with the response to this round of the Community Energy Fund - a huge thank you to everyone who chose to invest in us and put their money to work tackling climate change.”

Lisa Ashford, CEO, Ethex says:
“It’s fantastic to see the appeal that this Low Carbon Hub investment raise has had with everyday people who want to use their money to deliver an environmental, social and financial impact. Organisations like Low Carbon Hub are driving innovation across the renewable energy sector and show how assets that create shared value can be scaled to deliver the green and equitable future that 91% of the UK population want to see after the COVID-19 pandemic #buildbackbetter”

https://www.ethex.org.uk/savings--investments_16.html

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