Would you like to see more renewable energy in and around Reading? Would you like to make a return on your investment while supporting local sustainability initiatives?
Then our new share offer could be for you!
Building on the success of our 2016 solar panel scheme , we’ve been working hard to develop new opportunities for installing solar panels in the Reading area. We are pleased to be launching our new share offer in February 2019, helping deliver cost-effective low carbon energy to local organisations and businesses. We plan to install free solar panels on 7 further buildings this spring, with at least 3 further opportunities also in discussion. The building occupants will receive fixed price electricity for the 20 year life of the project, with surplus funds ring-fenced to support further sustainability initiatives in the local community.
We are now inviting expressions of interest from potential investors, with priority given to local investors (defined as having an RG postcode) and existing investors of the Society. We are looking to raise up to £363,000, with investments from £200 to £20,000 being invited. We are targeting 4.5% returns in years 1 to 3 and 5% returns from years 4 to 20. Full details of our share offer will be launched in late February.
We will send you full details of our share offer once available. To keep up-to-date on our latest news, follow us on twitter @readingenergyco or check back to our website here.