Share offer closes 2 days early, raising over £335,000!

We are delighted to report that on 23rd September 2016 our second community share offer reached its target raise of more than £335,000, in the end closing two days early due to oversubscription. All the PV systems which were planned to be purchased with the money have been installed, commissioned and registered for the Feed-in Tariff (FiT) and all this achieved before the FiT rate dropped on 30 September.

The PV systems have been installed on seven properties belonging to the University Hospitals of North Midlands NHS Trust (including Stafford and Royal Stoke hospitals), and on St Giles Hospice, Whittington, the latter being in addition to those already owned by SSCE there. The primary reason for the installations, after saving CO2 emissions, is to enable the establishment of a scheme, with the surplus, to help those in the area affected by health conditions related to fuel poverty. Consultants in A&E will identify those people who continually present there with such health conditions and will request the patients’ permission to refer them to fuel poverty charity, Beat The Cold, who will then help the patient address as many factors as possible that are contributing to their inability to maintain a warm, dry home. While the first year’s FiTs are building up, we are delighted to say that this community work will be launched with the £10,000 proceeds resulting from the scheme’s winning first prize in NEA’s Energy Impact Awards 2016.

We are overjoyed at getting to where we are, and are catching our breath for a while, but nevertheless we will post updates on the progress of the community work here when we have them, so do come back and see how we are getting on.


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