- Our Generation Projects
- Investing in LCG
- Saving Energy
- Generating Energy
Our purpose is to help local communities to reduce energy costs and become more sustainable by reducing their carbon footprint. More specifically we aim to raise funds from the community to enable us to install locally-owned renewable energy systems and use the surplus income from these systems to fund work that reduces people’s energy consumption – for example, by improving home energy efficiency.
New 2018 Bond Offer Launched
Further information HERE.
Members attending the AGM on 21 September 2018 approved the accounts for 2017/18 including the interest payment to members of 5.5%. They also approved a contribution of £15,000 to the Community Benefit Fund.
The Chair's report to the AGM will be available shortly and the minutes are available below
Share repayment policy
Members who purchased shares to fund the Moorhouse and Ham Lane schemes have now held their shares for more than three years which was the minimum period to qualify for EIS tax relief. This means that they can now request repayment for their shares. In light of this the board has recently approved its Share Repayment Policy which seeks to maintain a balance between the wishes and needs of members and the long term financial viability of the Society. More details about the policy can be found HERE
Moorhouse Lane Solar Array generating 4% above predicted output.
Our first project at Moorhouse Lane has now been operational since April 2015 and by the end of August 2018 had generated 6,558 MWh of clean renewable electricity and saved over 3,440 tonnes of CO2.
Moorhouse Lane Solar Array consists of 7,176 solar panels with a peak output of 1.83MW capable of generating enough clean electricity to power 500 homes.
Moorhouse array May 2016
Ham Lane Solar Array generating 10% above predicted output.
Members at the official opening of the Ham Lane Solar Array
Watch an aerial view HERE
Our second project at Ham Lane has now been operational since the end of November 2015 and by the end of September 2018 had generated 2,785 MWh of clean renewable electricity and saved 1,461 tonnes of CO2.
Ham Lane Solar Array consists of 3588 panels and has a peak output of 915kW. It will generate electricity equivalent to the consumption of 250 homes.
Community Benefit Fund - 2018
At the AGM held on 29 September 2017, £15,000 was allocated to the Community Benefit Fund for 2018.
Applications for grants from community organisations will open on 1 January 2018. Details of the fund and an application form can be found on the Transition Portishead website HERE.
£1500 was also allocated for an overseas project, which is administered by Low Carbon Gordano. Last year the award was given to local charity Mend The Gap who work with a community in Kenya. The grant of £2,500 was used to provide solar lighting to a village in the Maasai Mara. More details about the work of the charity can be found HERE