Extended investment opportunity with CEC
There’s an opportunity for CEC members, family and friends to invest a further £20,000 with a projected return of 5% per annum over a 20-year period. It’s thanks to savings made on the Killington hydro project, which we now wish to reinvest in a solar PV array on the headquarters of the Lake District National Park Authority in Kendal.
CEC successfully gained pre-accreditation for the feed-in tariff back in September 2015, so CEC would receive the higher rate of tariff (11.7p per kwh). The LDNPA has also agreed to purchase the electricity we generate, making this a financially viable project. This proposal follows the same investment plan as the original CEC share offer of August 2015.
You can invest any amount between £250 and £20,000. We expect the shares to fly off the shelf, given the current bank interest rates. Whilst we will be prioritising applications from existing members, we are also opening the share offer to family and friends – so please spread the word.
In the first instance, we are asking for Expressions of Interest to be returned by 5pm on 31st August 2016.
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