Yealm Community Energy launches investment to bring 3 solar farms into community ownership and boost benefit funds by £8 million
Yealm Community Energy (YCE), a Community Benefit Society (BenCom) based in the South Hams parishes of Brixton, Holbeton, Newton Ferrers and Noss Mayo, Wembury and Yealmpton, has launched a community share offer to fund the transfer of three nearby operational solar farms into community ownership.
The share offer will enable local people who care about climate change to put their money to work to tackle the issue directly, earn a fair return on their investment, and greatly increase the solar farms’ economic contribution to the local area.
The three solar farms are Newton Downs near Newton Ferrers, and Creacombe and Marlands, near Holbeton. They have all been successfully operating since 2020 and collectively supply enough electricity for the equivalent 4,450 average homes – all the homes in the five parishes – and will save over 130,000 tonnes of carbon over their lifetimes.
The share offer will be open until 27 October 2023 but may close earlier if fully subscribed.
To download the Share Offer Documents and invest, please visit: www.ethex.org.uk/invest/yealmcommunityenergy
To find out more about YCE please visit their website: https://www.yealmenergy.co.uk/
Goal EB. Communities are Driving the Energy Transition.