Our share offer is now closed. We intend to re-open it again later in 2019 and will make an announcement prior to the date of re-opening.
To date we have raised £265000
The share offer has been successful, raising £265,000.
This, together with the intended £20,000 investment from Reading Borough Council (final ratification due shortly) and investment of £30,000 of RCES’s own funds, brings the total funds available for new installations to £315,000, which is sufficient to complete the installation of solar PV systems at the 8 committed buildings listed in the share offer on page 11. Three installations are now complete with four more planned for May and one in June or July.
We continue to progress discussions with the owners of the additional 2 buildings mentioned in the offer and to develop projects at a further 8 buildings. The solar PV systems at 6 of these buildings have been successfully pre-registered for Feed-in Tariff.
RCES intends to re-open the share offer to raise the additional fund necessary once it is clear on which of these additional buildings it will be viable to install solar panels.
WATCH THIS SPACE. WE WILL PROVIDE UPDATES AND FURTHER DETAILS AS THESE PROJECTS PROGRESS.