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Congleton Community Solar 

 

The share raise is now Complete

We thank all our investors and the amazing support of the community. We are now moving into the installation phase.  We will update the website with more information as we complete the next phase. 

Congleton Solar Achieves Funding: A Monumental Success for Community Energy

Congleton Solar is thrilled to announce that it has successfully secured the required funding to complete its ambitious renewable energy project. This milestone marks a significant achievement for sustainable development and community engagement in Cheshire and Staffordshire.

 

Thanks to the overwhelming support from community investors and the backing of significant financial contributions, Congleton Solar has exceeded the minimum target of £400,000, thanks to a substantial Key Fund loan and grant amounting to £100,000, (Key Fund www.thekeyfund.co.uk a social investor who provides funding to community and social enterprises that have traditionally been excluded and turned down by mainstream lenders.) Bolstering the pot, the Co-operatives UK Booster Fund has invested £60,000.  With the final total from community investors raised £317,950, plus £15,000 existing cash, the final total is £492,950.

 

This achievement should enable the realisation of all 10 planned solar schemes but one scheme will be put on hold until the final costs of the 10 installations outlined in the business plan are confirmed.

 

David Mason, Director of Congleton Solar, expressed his gratitude and excitement: “This is a monumental success for Congleton Solar and our community. Achieving the funding means we can now bring our vision of a sustainable and renewable energy future to life. We are deeply thankful to every investor and supporter who believed in our mission and contributed to making this dream a reality.”

 

The completion of funding not only signifies a major leap towards reducing carbon footprints and promoting environmental sustainability but also highlights the power of community involvement in driving positive change. Congleton Solar’s project stands as a testament to what can be accomplished when individuals come together to invest in a cleaner, greener future building on the success of their sister project Congleton Hydro.

 

As the project moves forward, Congleton Solar is committed to implementing the solar schemes efficiently and transparently, ensuring that the benefits of renewable energy are realised by our community and beyond. There will be a strong educational element to the project as 9 customers are schools. They will be looking to inspire the next generation of green champions! We look forward to updating our supporters on the progress of the project and its positive impacts on the environment.  Share certificates will be issued to our investors in the next few weeks.

 

For further information about Congleton Solar and updates on the project, please visit our website at www.congletonsolar.co.uk or contact our team at shares@congletonsolar.co.uk.

 

Last updated 27.03.24
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Congleton Solar Will:

• HELP TO FINANCE 431 KILOWATTS OF GREEN SOLAR PV POWER
• REDUCE CO2 EMISSIONS BY UP TO  71 TONNES PER ANNUM
• HELP LOCAL SCHOOLS AND SPORTS CLUBS REDUCE THEIR CARBON FOOTPRINT
• PROVIDE CHEAPER ELECTRICITY FOR LOCAL SCHOOLS AND SPORTS CLUBS
• FACILITATE GREEN ENERGY EDUCATIONAL RESOURCES AND EXPERTISE
• SUPPORT OTHER ENVIRONMENTAL AND SUSTAINABILITY PROJECTS

What is the Community Shares Standard Mark?

Congleton Solar have complied with the rigorous Community Shares Standard Mark assessment and is proud to have achieved this national standard of good practice.

The Standard Mark provides a framework for societies to develop high-quality share offer documents with support from CSU-accredited practitioners.

The Community Shares Standard Mark ensures that community share offers are clear, honest and transparent. They also ensure that investors are presented with all the facts they need to make an informed decision and these facts are supported by annual accounts and/or the business plan.

Community Standard Mark

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Dane Valley Community Energy – Congleton Park is registered as a Community Benefit Society with the Financial Conduct Authority (FCA) (Registration Number 8859).