Grannell Community Energy (Grannell) is looking for socially responsible and ethical consumers who want to invest in one of the last community-led wind turbine energy projects in the UK.
Grannell is a community benefit society and is committed to developing clean energy and mitigating climate change by installing renewable energy generation in the form of a wind turbine. The project hopes to raise £700,000 by 14 December 2018 in order to fund the initial build of a 500kW Enercon wind turbine near Lampeter in mid Wales.
The wind turbine will stand on a 50-metre tower with a 48-metre blade span, and it is expected to generate about 1700 MWh of electricity per year, enough for approximately 446 homes. Grannell is currently one of only two community-led energy projects in Wales selling community shares, the other being Ynni Teg in Carmarthenshire.
Chair of Grannell Community Energy, Leila Sharland, said: “If you or any one you know is interested in green energy and would like to invest in our project then please get in touch. Supporting local projects like this one and getting involved is a great way to create change from the ground up.”
Community benefit societies like Grannell reflect commitment to the wider community, and investors in this project are expected to earn approximately 5% on their shares over 20 years, and any additional profits will be ploughed back into local businesses and projects.
Ms Sharland adds: “This project is a great way for those who are interested in socially responsible investments, as we aim to deliver a project that can bring the community together, generate green energy in the heart of Wales, and offer supporters a fair return for their funds and trust, and all while providing a community fund to support local projects in the area.”
If you would like to buy shares in the project please email info@grannellcoop.org.uk, call 01743 835242 or visit the website www.grannellcoop.org.uk
Grannell Community Energy is supported by Sharenergy, based in Shrewsbury, who have facilitated over 30 community energy projects throughout the UK. Their extensive experience is being brought to bear on this project through the Renew Wales programme.
In addition, the Welsh Government is supporting the project through its new Energy Service, which supports the public and community energy sectors in Wales to develop energy efficiency and renewable energy projects.