Rules of the Society are available here.
Please note that this offer is now closed (as of midnight on the 24th of November). This information is no longer updated and is for reference purposes only.
MBCE has an experienced and diverse team that have been working closely together to develop this share offer and project. MBCE is committed to community energy and the power it has to bring people together to address climate change whilst generating significant local community and economic value.
Rules of the Society are available here.
The Society is looking to issue 640,000 ordinary shares at £1 each.
The Annual General Meeting, which all investors are entitled to attend, will take place each April.
MBCE has an experienced and diverse team who have been working closely together to develop this share offer and project. MBCE is committed to community energy and the power it has to bring people together to address climate change whilst generating significant local community and economic value.
The MBCE team has:
Directors who are associated with othe BMCE partners will remove themselves from any decision relating to that partners in the management of the Society.
As well as his position as Chairman of MBCE, Chris is a Ouse Valley Energy Service C.I.C. (Ovesco) Director, an active supporter of Transition Town Lewes and a Director of Community Energy South. Chris trained as a designer at the Royal College of Art and then worked in the construction industry. He now uses his skills to finance, manage and develop community owned renewable energy projects. Since 2007 Chris has worked as a project manager for Ovesco, which included running a grant scheme for microgeneration for Lewes District Council, managing Ovesco’s community owned PV projects and mentoring community groups across the South East to set up their own local energy cooperatives, which resulted in Ovesco winning an Ashden Award in 2014.
Technical Director of Meadow Blue with a BSc in Electrical & Electronic Engineering (with commendation). Nick has an MSc (with distinction) in Renewable Energy and the Built Environment at the Centre for Alternative Technology. He is a graduate member of the Energy Institute. Nick has worked for over 40 years in the electronics and electrical
engineering industry. His wide range of skills includes knowledge of semiconductors, infra-red imaging/tracking systems, satellite image-processing systems, design of high-performance electron microscopes and alternative energy fields. As Chief Engineer and Head of Design/Development for Telecon Ltd he has worked on the
design and development of the company’s products, principally electrical current and energy sensors, many of which are used in the renewable energy industry around the world. Nick has a vast knowledge of technical skills in energy conservation and power generation (his own energy efficient home is fitted with PV, solar thermal, under floor heating and a ground source heating plan, much of it self-installed).
Julie is a member of the Chartered Institute of Taxation who started her training as a corporate tax adviser with Ernst & Young in 1988. She has over 25 years’ experience working for a number of multinational companies, spanning the media, healthcare, property management and retail sectors. In all of these roles she has had significant experience in dealing with internal and external stakeholders and been closely involved in corporate governance and compliance. She recently obtained achieved a Post Graduate Diploma in Renewable Energy in the Built Environment which she studied for at the Centre for Alternative Technology in Wales.
Dave has worked for the last 20 or so years in the sustainable energy sector (working for the Building Research Establishment, the Energy Saving Trust or Impetus Consulting which he co-founded and co-directed). Much of this work facilitated local authorities in local energy community initiatives or energyefficient housing refurbishment. He has more recently co-founded Solesco, a community energy co-operative in SW Sussex. Having previously worked (within the aerospace, oil and gas industries) in business development, product marketing and mechanical design engineering, he brings strategic vision, creativity and clarity of purpose to community energy ventures.
Project Manager for Mongoose and a Founding Director of Wiltshire Wildlife Community Energy. As well as managing the Merston Farm project for Mongoose and Meadow Blue, Steve has successfully run share offers and helped finance nearly 12MW of renewable energy projects for Wiltshire Wildlife Community Energy, Bath and West Community Energy Limited (‘BWCE’) and Low Carbon Gordano. He also works part-time for Wiltshire Wildlife Trust, runs a specialist online wine merchant and is a director of a family property company.
MBCE is working with the following organisations to manage this project.
Ovesco is registered with the FSA as a Community Benefit Society formed by members of the Transition Town Lewes Energy Group. Its aim is to deliver a range of energy-related projects to the people and businesses of Lewes district, including:
As a well-established local energy organisation, OVESCO will support MBCE in the administration of the new Community Benefit Society.
Mongoose Energy Limited
Mongoose Energy Limited (www.mongoose energy.coop) is a company majority owned by community energy societies, that works with community groups, commercial developers and investors to identify, develop, build and manage community owned renewable energy projects. Mongoose was formed early in 2015 by the same team that successfully grew Bath and West Community Energy (BWCE), now a Mongoose member, to become an
award-winning forerunner in the community energy sector. Working with its partner community benefit societies,
Mongoose has negotiated debt facilities from banks totalling some £75m, successfully raised over £7m investment into community energy projects over the past year, and is currently managing nearly 6MW of renewable energy projects on behalf of its partners with a further 10MW coming on stream in the
next few months in addition to Merston Farm solar farm.
Mongoose is working with MBCE to help with the preparation and promotion of this share offer and to facilitate the transfer of the 5MW Merston Farm solar farm from its current owner – Solstice Renewables, an award winning commercial renewable energy projects developer – into community ownership as described in this share offer.
Mongoose will also project manage the development and commissioning process and will have an ongoing financial management and investor relations role over the project life.
Solesco grew out of Transition Chichester and promotes sustainable energy measures in the Arun and Chichester districts. It is a community energy co-operative which aims to develop and manage a series of renewable energy
installations in West Sussex. Solesco will support MBCE to promote local ownership and engagement with the community. It also will help set up the independent community fund for distribution of surplus profits
The intended directors holdings are:
Female directors: There is currently one female director.
The MBCE Society has no direct employees.
The Ethex team are here to help from 9am to 5pm
01865 403 304