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Resilient Energy Mounteneys Renewables Limited

Who benefits

Please note that this information is no longer updated and is for reference purposes only.

The Society's purpose is to help create community resilience by supporting local community resilience initiatives, especially those that alleviate fuel poverty for low-income residents through the deployment of community-owned generating capacity.

The Community

The provision of significant local community benefits is central to REMR's vision, they intend to invest surplus from the operation of the wind turbines as a two tier scheme.

Community Funds

REMR plans to invest surplus from the operation of the Mounteney’s Farm wind turbine and the Cherry Rock Farm wind turbine as a two-tier scheme a local community fund, and a rolling fund. This fund aims to address fuel poverty issues and improve the energy resilience in the local community.

Community projects within St Briavels and environs have received £17,283 from the St Briavels Wind Turbine Community Fund, based on operation of the Great Dunkilns Wind Turbine from the previous share offer since commissioning in January 2013 to the end of September 2014.

Locally governed community fund

The Society aims to use renewable energy as a catalyst for local social benefits and utilise surplus income generated to increase community resilience. They aim to do this by committing 4% of gross revenues (approximately £408,500 for each turbine i.e. £817,000) to a local community fund which will be allocated to eligible uses by a self-appointed local community panel from the GL12 postcode area and some areas of GL9.

The St Briavels Wind Turbine, a previous Reilience Centre turbine donated over £25K to the community in May 2015 to be used for projects including:

  • Mainting and developing a local Grade 1 listed building,St Briavels Church
  • Donated to the Charles Lord Denton Almshouses, a local charity which provides secure and affordable accommodation to older people who have a reasonable need.
  • Donated finance to St Briavels Parish Council towards the creation of a village handyman service
  • Many more projects which can be found on the Resilience Centre blog

Rolling Fund

The Society aims to create a separate rolling fund of a minimum of £1,000,000 from its anticipated surplus profits. This fund will be used to support wider community initiatives some of which will be targeted at alleviating fuel poverty by reducing energy bills and creating local jobs, particularly within the Stroud and adjacent South Gloucestershire areas. This fund will be administered by the Directors, from projects assessed by The Resilience Centre. The surplus may, for example, be used to seed-fund similar schemes, and/or more strategic projects that deliver clear community resilience and social benefit (e.g. by addressing fuel poverty).

From time to time the Board may also consider investment of surplus from the Society into other similar schemes with similar values. Projects will be identified and assessed for investment by the Board, and The Resilience Centre prior to any funding.

Impact of the Funds

Through these funds the Society aspires to remove 200 homes in the local area from fuel poverty by reducing energy bills by up to 25%, equivalent to reductions of up to £32,000/year. It is also hoped that the Project will directly create at least 6 low-carbon jobs by seed funding other projects focussed on renewable energy, sustainability and resilience.

Renewable energy generation

The projected annual output is expected to be 2,850 MWh.

The project will generate clean electricity which will help to avoid more carbon intensive fossil fuels. It will also form part of the developing community energy sector in the UK.

The Society's members

The Society aims to attract investment from the Kingswood area and from further afield. Investors will become members of the society and so will be able to actively participate in contributing to the development of a major community energy project.

Members will receive an annual return and will have a say in how the company is managed, how much money is contributed to the local community fund and can stand for election as directors.

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