Tower and Town, October 2015 (view the full edition)Local Investment OpportunityKCEL was originally established from an initiative of the Energy Group of Tranisition Marlborough and was formed as an Industrial Provident Society in January 2013. It continues to be developed as a practical response to the challenges that we face to our future energy supplies and climate change. What we are and what we do can be summarised as follows: KCEL is a not-for-profit Community Benefit Society with members, not a commercial company. We fund the provision of solar panels and biomass boilers for large premises, costing the owners nothing but providing them with discounted energy costs. We operate in north and east Wiltshire and the surrounding area generally. We have no employees, our directors are not paid and we have negligible costs. We derive our income from the government’s FiT and RHI schemes and the sale of energy to the owners of the premises on which the installations are sited. We are governed by our members; each member has one vote. We aim to pass surplus income (after interest to our members) to an independent trust to fund projects focused upon reducing carbon emissions. Currently we have three solar panel installations up and running: We are keen to finance similar sized projects when we can find them, at which point we will invite investment from the public at very favourable rates and possible tax reliefs. KCEL provides a rare illustration of a situation where everyone wins: ---our customers, with discounted energy costs; If you know of possible potential sites and/or wish to be contacted when we are next inviting investment, please contact us: info@kennetenergy.org.uk. Visit us on www.kennetenergy.org.uk Kennet Community Energy Ltd (KCEL) |