TRESOC
Share Issue is right on the money
|
Firstly, a big thank you to the 63 TRESOC members who increased their shareholdings and the 315 who continue to support us with their existing shareholdings.
During the 2011 Share Issue, TRESOC received over £108,000 in investment applications, which means we have met our target to complete the purchase of the 30 kWp installation at Hatchlands farm on behalf of the community, with funds to spare for additional projects and running costs. The new total of 500 members is a 32% increase from our 378-strong membership resulting from the previous share issue back in 2010. Soon we’ll be welcoming over a hundred new members! Read more on the website.
The Share Issue was a great success and it is hugely encouraging that 500 local residents share our vision for the potential of community owned renewable energy, and are willing to provide the investment capital required to make that vision a reality.
..... |
Project-specific investment
|
The TRESOC project portfolio continues to grow. In fact, since the Share Issue Prospectus was written, an extra 20 kWp of solar panels has been identified and plans are underway to install them, which creates a challenge… does it make sense to embark on another share issue? The Board believes it does not. The community has invested as generously as possible at this time, and spreading the message far and wide is an expensive business.
In order to keep as much financial benefit flowing back into the community as possible, TRESOC is now seeking investment capital of a different kind in order to take advantage of this and all the opportunities that continue to arise: project-specific investment through bonds, with some specific criteria attached.
While the rate of return on investment in our solar projects is greater than that currently offered by high interest investment accounts, it is lower than the interest rates payable on commercial bank loans. This means that we cannot raise the extra capital required to pay for the extra solar panels from the bank.
Therefore, TRESOC is inviting investment in specific renewable energy projects at fixed rates of interest, secured against the assets of each installation. Sourcing capital in this way allows TRESOC to bring more renewable energy into community ownership, adding to profits, and to the rate of interest that we can pay on members’ shareholdings.
To find out more about investing directly in TRESOC projects, please contact us at admin@tresoc.co.uk or phone 01803 867431.
..... |
Tours to proposed Wind farm site
|
TRESOC and Infinergy hosted a very successful Site Visit Day on Saturday 24th
September. The guided tours offered interested or
concerned residents the opportunity to learn first-hand about the planned
location for the 2 wind turbines between Harberton and Harbertonford. Project Manager Matt Russell gave a comprehensive overview of the site, the noise and bat monitoring equipment and answered lots of questions. |
AGM and Christmas Party
|
TRESOC’s first Christmas Party
We are looking for ideas regarding music for the TRESOC Christmas party, straight after the AGM at the Civic Hall (save the date: Friday 9th December). If any members are musicians, in a band or know of anyone who would like to play live or DJ, please let us know. We would like to keep costs as low as possible, with the fun factor being as high as possible, so relevant donations of any kind would be gratefully considered.
.....
|
| And finally... |
Have you heard a climate change skeptic's argument that's NOT addressed in this thoroughly evidenced, comprehensive guide :-
"How to Talk to a Climate Skeptic"?
If so, we'd like to hear it! admin@tresoc.co.uk |
Yours sincerely
Ian Bright, Managing Director
On behalf of the Board
www.tresoc.co.uk
|
