[sheffield-coops] Sheffield plans to build the biggest community owned hydro scheme in England

[Jean Tinsley]

Dear Co-operative member,

Sheffield Renewables has now launched its Community Share offer, giving 
local people the opportunity to fund the development of and benefit from 
a hydro-electric generator at Jordan dam on the river Don. The scheme 
will be Sheffield's first community owned renewable energy scheme, and 
England's largest community owned hydro scheme. Profits will be used to 
fund local green initiatives, including more renewable energy.

"Community Shares are a way for local people to invest in schemes that 
might not otherwise go ahead, and to be involved in changing our city to 
a greener way of living. Individuals, organisations or companies can 
invest any amount from £250 to £20,000. Those on a low income can also 
invest in instalments," said Dr Mark Wells, a Director of Sheffield 
Renewables and also a volunteer.

The Share Offer Launch took place on Saturday 15th September in 
Sheffield city centre. As well as learning about Sheffield Renewable and 
the Share Offer scheme, attendees heard from Simon Tilley who led on the 
development of a community owned wind turbine in the village of 
Hockerton in Nottinghamshire, also funded by a community share offer. 
The turbine started generating power in 2010 and in its first year had 
generated as much power as the village consumed!

Since the Launch, Sheffield Renewables has raised £23,800 which means 
that they now have £73,800 of the £250,000 they are aiming for. To find 
out more information about Sheffield Renewables and how to invest, 
please visit _www.sheffieldrenewables.org.uk 
<http://www.sheffieldrenewables.org.uk/>_or email 
_emma at sheffieldrenewables.org.uk <mailto:emma at sheffieldrenewables.org.uk>_.

The Community Share Offer is open until December 31^st 2012.

Regards,
Jean Tinsley
Sheffield Renewables


-- 
Sheffield Renewables Ltd is registered in England & Wales, reg.no. IP030736

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