Annual Report 2024 Published

The NLCE Annual Report has been published. This report covers our financial year which ended on 31st March 2024, and developments since then. Members were invited to join an Annual General Meeting via Zoom on 24th September 2024.

Click below to download and read the report:

Copy of North Lincolnshire Community Energy Annual Report 2024

It has been a very eventful and successful first year for your Society. Key features have been:
• We raised nearly £600,000 in our first share offer and we now have over 200 members.
• At the time of the share offer we had solar arrays on 6 schools. By the end of our financial year, we
had built solar arrays on a further 6 schools.
• Since our year end, we have commissioned solar arrays on 5 more sites in Scunthorpe, including
substantial arrays on The Baths Hall and John Leggott College.
• We are currently constructing a substantial solar array on the Attis Arena, Glanford Park, the home
of Scunthorpe United football club. This will be our 18th site.
• We have paid our first interest payment to members of 2.5% for the period of about six months
from when they subscribed for shares until our year end, as promised in the share offer.
• We have invested over £1.5 million in solar arrays. We currently have nearly 1.5MW of installed
solar capacity which is projected to generate around 1.15GWh of renewable electricity each year
equivalent to the average consumption of about 415 UK households.