Connect with us

Energy

Bath & West Community Energy launches urgent fundraise for two new clean energy schemes

Published

on

Race to raise funds as investment window closes in two weeks. BWCE announces two new opportunities to invest in community-owned energy schemes near Bath, the UK’s number one ethical investment hotspot.

– Investors are invited to help raise £603,000 for hydro scheme and ground-mounted solar PV system.

– Last chance to qualify for 30% tax relief under the Enterprise Investment Scheme (EIS) before Government removes benefit permanently on 30th November.


– BWCE aims to pay 7% p.a. – targets that have been met for four consecutive years.

– Share offer opportunity available for a limited time only – open now and closes 24th November.

– Interested investors invited to attend public meeting on Monday 16 November.

Award-winning community enterprise Bath & West Community Energy (BWCE) has today announced the launch of two new community energy schemes which are open to investment before the Government’s removal of tax relief for community energy investment schemes comes into effect on 30th November.


In order for investors to take advantage of the tax reliefs available under the Enterprise Investment Scheme, BWCE has put out an urgent call for potential investors to become members and take part in raising £603,000 for two Bath-based renewable energy projects between 11th and 24th November.

Investors may invest between £500 and £100,000 and become shareholders in a scheme with a target interest rate of 7%. Investing in BWCE offers individuals the opportunity to support a successful local initiative and to make an ethical investment.

How the funds will be invested:

– Old Mill Hotel water wheel – an electricity-generating waterwheel at the Old Mill Hotel at Bathampton near Bath. The scheme will replace the existing waterwheel with one capable of generating electricity. Most of the electricity will be used in the hotel with the surplus exported to the National Grid.

– Stowey House Farm Solar – a 250kW ground-mounted system at Stowey Farm, south west of Bath.

Together, these installations with generate approximately 330MWh of electricity each year: enough to provide the equivalent annual electricity demand for over 80 typical households.

Peter Capener, BWCE’s Chair, commented, “This is a very exciting opportunity to become a member of the BWCE and participate in the ownership of local renewable energy resources. Bath is the UK’s number one ethical investment hotspot and we are looking forward to delivering our very first hydro scheme to Bath.

“With these two new schemes, we will be able to continue our support of the Bath area and its communities, as well reducing the impact of climate change and strengthening local energy supplies. But time is short and we would urge any potential investors to download the Share Offer document from our website or to attend the public meeting in Bath on 16th November.”

IMAGE: << Old Mill Hotel’s existing waterwheel (left) will be replaced by a new electricity-generating waterwheel, similar to that on the right>>

Image above: Old Mill Hotel’s existing waterwheel (left) will be replaced by a new electricity-generating waterwheel, similar to that on the right.

How to invest

The share offer opens for online applications on Wednesday 11th November, and closes on Tuesday 24th November.

Interested investors can attend the public meeting at 7pm on Monday 16th November at BRSLI, Queen Square, Bath BA2 2HN, where they can hear about the scheme and BWCE’s future plans. Company directors will be present to answer questions.

You can invest and get full investment details of the scheme on Ethex, the positive investment and savings platform.

The Share Offer application document is also available for download at www.bwce.coop.

Energy

Are the UK Governments Plans for the Energy Sector Smart?

Published

on

The revolution in the energy sector marches on, wind turbines and solar panels are harnessing more renewable energy than ever before – so where is it all leading?

The UK government have recently announced plans to modernise the way we produce, store and use electricity. And, if realised, the plans could be just the thing to bring the energy sector in line with 21st century technology and ideologies.


Central to the plans is an initiative that will see smart meters installed in homes and businesses the length and breadth of the country – and their aim? To create an environment where electricity can be managed more efficiently.

The news has prompted some speculation about how energy suppliers will react and many are predicting a price war. This could benefit consumers of electricity and investors, many of whom may be looking to make a profit by trading energy company shares online using platforms such as Oanda – but the potential for good news doesn’t end there.

Introducing New Technology

The plan, titled Smart Systems and Flexibility is being rolled out in the hope that it will have a positive impact in three core areas.

  • To offer consumers greater control by making smart meters available for all homes and businesses by 2020. Energy users will be able to monitor, control and record the amount of energy they use.
  • Incentivise energy suppliers to change the manner in which they buy electricity, to offer more smart tariffs and more off-peak periods for energy consumption.
  • Introduce new standards for electrical appliances – it is hoped that the new wave of appliances will recognise when electricity is at its cheapest and at its most expensive and respond accordingly.

How the Plans Will Affect Solar Energy

Around 7 million houses in the UK have solar panels and the government say that their plan will benefit them as they will be able to store electricity on batteries. The stored energy can then be used by the household and excess energy can be exported to the national grid – in this instance lower tariffs or even payment for the excess energy will bring down annual costs significantly.


The rate of return on energy exported to the national grid is currently between 6% and 10%, but there are many variables to take into account, such as, the cost of battery storage and light levels. Still, those with state-of-the-art solar electricity systems could end up with an annual profit after selling their excess energy.

The Internet of Things

Much of what the plans set out to achieve are linked to the now ubiquitous “internet of things” – where, for example, appliances and heating systems are connected to the internet in order to make them function more smartly.

Companies like Hive have already made great inroads into this type of technology, but the road that the government plans are heading down, will, potentially, go much further -blockchain technology looms and has already proved to be a game changer in the world of currency.

Blockchain Technology

It has already been suggested that the peer to peer selling of energy and exporting it to the national grid may eventually be done using blockchain technology.

“The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.”

Don and Alex Tapscott, Blockchain Revolution (2016)

The upshot of the government’s plans for the revolution of the energy sector, is that technology will play an indelible role in making it more efficient, more flexible and ultimately more sustainable.

Continue Reading

Energy

4 Case Studies on the Benefits of Solar Energy

Published

on

By

Demand for solar energy is growing at a surprising rate. New figures from SolarPower Europe show that solar energy production has risen 50% since the summer of 2016.

However, many people are still skeptical of the benefits of solar energy.Does it actually make a significant reduction in our carbon footprint? Is it actually cost-effective for the company over the long-run?


A number of case studies have been conducted, which indicate solar energy can be enormously beneficial. Here are some of the most compelling studies on the subject.

1.     Boulder Nissan

When you think of companies that leverage solar power, car dealerships probably aren’t the first ones that come to mind. However, Boulder Nissan is highly committed to promoting green energy. They worked with Independent Power Systems to setup a number of solar cells. Here were the results:

  • Boulder Nissan has reduced coal generated electricity by 65%.
  • They are on track to run on 100% renewable energy within the next 13 years.
  • Boulder Nissan reduced CO2 emissions by 416,000 lbs. within the first year after installing their solar panels.

This is one of the most impressive solar energy case studies a small business has published in recent years. It shows that even small companies in rural communities can make a major difference by adapting solar energy.

2.     Valley Electric Association

In 2015, the Valley Electric Association (VEA) created an 80-acre solar garden. Before retiring from the legislature, U.S. Senate Minority Leader Harry Reid praised the new project as a way to make the state more energy dependent and reduce our carbon footprint.


“This facility will provide its customers with the opportunity to purchase 100 percent of their electricity from clean energy produced in Nevada,” Reid told reporters with the Pahrump Valley Times. “That’s a step forward for the Silver State, but it also proves that utilities can work with customers to provide clean renewable energy that they demand.”

The solar energy that VEA produced was drastically higher than anyone would have predicted. SolarWorld estimates that the solar garden created 32,680,000 kwh every year, which was enough to power nearly 4,000 homes.

This was a major undertaking for a purple state, which may inspire their peers throughout the Midwest to develop solar gardens of their own. It will reduce dependency on the electric grid, which is a problem for many remote states in the central part of the country.

3.     Las Vegas Casinos

A number of Las Vegas casinos have started investing in solar panels over the last couple of years. The Guardian reports that many of these casinos have cut costs considerably. Some of them are even selling the energy back to the grid.

“It’s no accident that we put the array on top of a conference center. This is good business for us,” Cindy Ortega, chief sustainability officer at MGM Resorts told Guardian reporters. “We are looking at leaving the power system, and one of the reasons for that is we can procure more renewable energy on the open market.”

There have been many benefits for casinos using solar energy. They are some of the most energy-intensive institutions in the world, so this has helped them become much more cost-effective. It also helps minimize disruptions to their customers learning online keno strategies in the event of any problems with the electric grid.

4.     Boston College

Boston College has been committed to many green initiatives over the years. A group of researchers experimented with solar cells on different parts of the campus to see where they could produce the most electricity. They discovered that the best locationwas at St. Clement’sHall. The solar cells there dramatically. It would also reduce CO2 emissions by 521,702 lbs. a year and be enough to save 10,869 trees.

Boston College is exploring new ways to expand their usage of solar cells. They may be able to invest in more effective solar panels that can generate far more solar energy.

Continue Reading
Advertisement

Facebook

Trending