Resilient Energy Alvington Court Renewables

Governance and people

REACR is a Community Benefit Society that has an experienced team who have been working together for two years. Andrew and Sue Clarke are also directors of The Resilience Center which has delivered award winning community energy projects.

What is Resilient Energy Alvinton Court Renewables Limited?

REACR is a Society setup for the benefit of the community, managed for the benefit of the community and is owned by its members, who are protected by its limited liability status. The constitution of the Society is in the form of the Society’s Rules which have been approved by and registered with the FCA.

The key characteristics of REACR are:

  • The Society operates for the benefit of the community;
  • A member must have the minimum number of Shares each with a nominal value of £1;
  • All members have one vote regardless of how many Shares they hold;
  • No member, except another society, may hold more than 100,000 withdrawable Shares; 
  • Members elect representatives to the Board.

REACR has been established for the purpose of constructing, owning and operating a community wind turbine at Alvington to produce renewable energy and as a benefit to the community in the Forest of Dean. It is also hoped that, through a community fund, the Society will play a key role in the Forest of Dean community through tackling fuel poverty in the GL15 postcode area and seed-funding other projects that increase community resilience.

Governance

Rules of the Society are available here.

Total number of shares

For its 2017 raise, REACR hopes to issue a total of 600,000 shares taking the total shareholdings to 1,350,000 shares not including the directors holding (see below), the shares are priced at £1 per share.

Annual General Meeting

The Annual General Meeting, which all investors are entitled to attend, will take place each July, following the financial year end of March 31st.

People

Management

REACR is represented by a set of qualified directors. Andrew and Sue Clarke are also directors of The Resilience Center.

Directors

Directors Holdings

  • John and Heather Rogers £100,000
  • The Resilience Center £100,000
  • Alasdair Jack £10,000 in shares
  • Janine Michael £5,000 in shares

Diversity

Female directors: There are currently three female directors (50%).

Employee satisfaction

The REACR Society has no direct employees. The Resilience Centre will deliver all management activities.

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