[Scr-members2] Letter to investors in Sheffield Renewables 2016 Share Offer
Jean Tinsley
jean at sheffieldrenewables.org.uk
Wed Sep 20 10:19:55 GMT 2017
Dear investor,
As you will know the Sheffield Renewables 2016 Share offer was very
successful, raising enough money for two new solar PV schemes. The
first of which was successfully completed earlier this year at Lembas
Wholefood wholesalers.
The second scheme was due for installation later this month on a social
housing site in the city. However due to the tragic events at the
Grenfell Tower in London, and the subsequent ongoing investigations and
remediation work, we are not able to undertake any of the work on our
proposed site. A very significant amount of work has been undertaken to
develop the second scheme to the position that we were about to install
the panels, which we hope not to lose. However, due to uncertainty over
how long it will take before being able to continue work on this site,
we will need to find another project to develop.
This set-back means that we will not be able to get a second project up
and running as quickly as we had hoped, which means that we will not be
able to generate income as quickly. This potentially has the impact of
affecting the returns to investors, but we hope that we will be able to
find a new scheme soon to minimise this.
Regards
Richard Collins
Chair of the board of Sheffield Renewables
--
Sheffield Renewables Ltd is a registered society under The Co-operative & Community Benefit Societies Act 2014, reg.no. IP030736
---
This email has been checked for viruses by Avast antivirus software.
https://www.avast.com/antivirus
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <https://www.email-lists.org/pipermail/scr-members2/attachments/20170920/c682c9ce/attachment.html>
More information about the Scr-members2
mailing list