March 2024 Newsletter
Below is a copy of the March 2024 members newsletter:
Dear Member,
Welcome to North Lincolnshire Community Energy (NLCE) members!
As someone invested in zero carbon energy and supporting the community of North Lincolnshire, we thought you would be interested to see how far we’ve come since our previous communications.
As a result of your continued support, we have now installed solar panels on 12 schools in Scunthorpe which is offering a significant financial and environmental saving.
They are:
- St Hugh’s
- Bottesford Junior
- Holme Valley primary
- Berkeley primary
- Frederick Gough secondary
- Priory Lane primary
- The Grange primary
- St Luke’s primary
- St Luke’s primary – Foundation annexe
- Crosby primary
- Lincoln Gardens primary
- Oakfield primary
What’s Happening Next?
Next on the list is our biggest installation yet – John Leggott College. This project will cut the college’s electricity bills by about half and save around 54 tonnes of CO2 per year.
We are then expanding our remit to include community buildings, with Ashby Hub, The Baths Hall, North Lincolnshire Museum and Normanby Gateway lined up to receive the next installations.
Educating the next generation
NLCE are committed to providing social value opportunities for the local community. So far, we have engaged with hundreds of Primary and Secondary School children to develop their understanding and awareness of the benefits of installing renewable energy at their school and how it supports a sustainable environment for people who live in North Lincolnshire.
A warm thank you to our delivery partner, Joju Solar for their contribution to the school workshops and providing continuous support to NLCE by engaging with the local community.
Community share offer investment starts at just £50
The clean energy project has been funded thanks to £1.4m of Towns Fund money, enabling all the installations to be carried out free of charge.
Last year’s community share offer was launched to enable the project to continue, raising £585,367, which will enable us to move onto phase three of the programme.
Minimum investment in the share offer was just £50, opening it up to as many local residents as possible.
As well as helping schools enjoy cheap electricity, investors can also expect around 5% return on their money.
NLCE anticipate launching the second share offer in Summer 2024, we will keep members updated on how they can further invest in NLCE and when the share offer officially launches
Be part of a clean green North Lincolnshire
North Lincolnshire Community Energy is a community benefit society run by an independent board.
NLCE will re-invest any income that is generated – minus costs – back into the heart of North Lincolnshire for more renewable energy and support in the community where it is most needed.
Join us on our journey and have a stake in North Lincolnshire’s green future.
We are looking for:
Investors – our next share offer is expected to be later this year. You can express your interest with no obligation here.
Community groups or businesses interested in clean green energy – contact us for find more information here.
Board members or advocates for green energy – get in touch to request information here.
Our supporter and manager Energy4All
Energy4All is a market-leading social enterprise with offices in Barrow-in-Furness that helps individuals and communities deliver and manage community owned renewable energy projects, organising the community fundraising and then managing and supporting the new social enterprise.
To date it has delivered 35 successful community energy projects and has raised more than £85 million in community fundraising.
NLCE
Unit 26, Trinity Enterprise Centre
Furness Business Park
Barrow-in-Furness
Cumbria, LA14 2PN
www.nlce.coop/contact-us
info@nlce.coop
01229 821028