Reading Community Energy Society (RCES) is launching a new community share offer this week, inviting local people and organisations to invest in renewable energy for the greater Reading area.
RCES is a community benefit society owned by its members and already runs 12 solar energy systems which have been generating clean, green energy for the past two years. In that time, their systems have saved 145 tonnes of CO2 emissions and they have awarded 3 community grants to support wider sustainability initiatives.
The Society are aiming to raise £363,000 so they can install new solar panels on ten buildings in the greater Reading area. The new solar panels will be installed on buildings including University facilities, 2 council buildings and a school. The project is off to a flying start having already installed panels on Woodford Park Leisure Centre in collaboration with Woodley Town Council and a recycling facility owned and operated by Select Environmental Services.
Tony Hoskins, Chair of RCES said:
“Encouraged by the success of our first group of solar projects, the Directors have worked extremely hard to bring together this new opportunity. As a community benefit society, we aim to build low carbon renewable energy generation to help tackle climate change, to raise funds for community projects and to give local people a chance to get involved and make a real contribution to work of the organisation.
By launching this second share offer and building more roof-top solar energy systems, we are opening the opportunity to even more people in an around Reading to get involved and join our existing membership. We hope local residents will take the time to visit our web-site, read the Share Offer document and consider joining us and investing in the new projects.”
Investments are invited from £200 – £20,000 and the Share Offer is expected to launch in the last week of February and will run until 29th March 2019.
More details on the scheme are available on the Society’s website – https://readingenergy.coop/share-offer-2019/ or Call 0845 373 3612
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