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PEC Renewables 2016

PEC Renewables are seeking to raise £1,055,000 through this share offer. The aim is to keep their completed 4.1MW array as a long-term community-owned asset, by refinancing it, with a combination of a loan from Plymouth City Council and community shares.

PEC Renewables 2016  - What They Do

What they do

PEC Renewables has been set up by Plymouth Energy Community to deliver a range of renewable energy projects in Plymouth. Plymouth Energy Community was created with support from Plymouth City Council in order to tackle the challenges facing Plymouth from climate change and fuel poverty. Read more

Financial performance

PEC Renewables aim to raise £1,055,000 through this Share Offer, to provide a loan towards refinancing the recently completed 4.1MW solar array.
Read the latest project update here.


First interest payment

Autumn 2017

Forecast return

6%

interest per year

Social performance

PEC Renewables 2016  - Social Performance

PEC Renewables has already raised £1,450,000 in community shares and as a result 30 schools and local organisations have received 32 free solar roofs; saving them approximately £90,000 per year on electricity bills and providing a valuable educational resource.


  • Key social performance indicator

    50,000

    tonnes of CO2 saved over 25 years

Governance and people

Who benefits

Plymouth Energy Community established PEC Renewables to install and operate renewable energy generation installations in Plymouth for the benefit of the community.


  • Ernesettle Community Solar (ECS)

    Ernesettle Community Solar (ECS)

    will support more investments in the local community by generating surpluses estimated at £2,900,000 over the next 25 years.

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