Go ahead for Netham Weir community Hydro scheme
Bristol Energy Cooperative have confirmed that work can commence on Bristol's fiirst community hydro scheme as funding is secured.
The Netham Weir Hydro scheme will create a micro-hydro power station to use the natural force of the water falling across the weir to spin twin turbines, which will produce enough energy to power some 250 homes.It will run night and day throughout the year, with peak output in winter; a time when electricity demand is at its highest. Work on the ambitious £2.4m project can now go ahead after Bristol Energy Cooperative secured £1.4m through their community share offer on Ethex, along with match funding from the European Regional Development Fund.
The share offer is still open for investment to meet its target of £2 million by 31st March, allowing investors to help fight climate change by funding the delivery of pioneering clean energy projects in and around Bristol.
Investments offered on the Ethex platform are not readily realisable, which means that they may be difficult to sell and you may get back less than you originally invested. Investments are not covered by the Financial Services Compensation Scheme (FSCS) and returns are not guaranteed. If you are in any doubt, you should contact an Independent Financial Adviser.
Investments offered on the Ethex platform are not readily realisable, which means that they may be difficult to sell and you may get back less than you originally invested. Investments are not covered by the Financial Services Compensation Scheme (FSCS) and returns are not guaranteed. If you are in any doubt, you should contact an Independent Financial Adviser.