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Yealm Community Energy (YCE) is an established community benefit society dedicated to generating clean energy that benefits the community. They are raising funds to buy 3 solar farms that can power the equivalent of 4,450 homes, carbon-free.
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Yealm Community Energy
Society no. 7173
Devon, UK
Incorporation date: 16 July 2015
Tackle climate change locally by supporting YCE’s continued generation of solar energy, cutting carbon emissions.
Help Yealm Community Energy improve wildlife and biodiversity in the local area through nature-sensitive environmental projects.
Support vital local community initiatives delivering positive environmental and social impact through the Community Benefit Fund.
Earn a potential financial return. Investments target an annual return of 6% and investors become members of the community benefit society.
Yealm Community Energy (YCE) was formed in 2015 and consists of a group of people local to South Devon who want to bring local renewable energy assets into community ownership, so they can continue to provide benefits for the entire community - and the planet. YCE is raising funds to purchase three fully operational solar farms which:
It’s your money, so you want to know where it goes and what kind of impact you’re making. Your investment in Yealm Community Energy will:
Yealm Community Energy is determined to build on this successful model and this share offer will help them fund the next phase of their work. https://www.yealmenergy.co.uk/
Chair
Peter is a retired NHS Consultant, a role in which he became very aware of the health consequences of climate change. After moving to Devon in 2005, he set up an educational environment group, which soon expanded into projects, encouraging local people to increase the energy efficiency of their houses and to install renewable energy systems. As chair of YCE, Peter brings the necessary drive and enthusiasm to encourage volunteers to give up their valuable time for the common good and zero carbon.
Director
Ray is a chartered electrical engineer, trained at the Royal Naval Engineering College, Manadon, Plymouth. He has spent the last 30 years managing renewable energy projects and energy policy programmes in Africa, Asia and Latin America, including managing a small consulting firm, and an EU programme that set up the Africa-EU Renewable Energy Cooperation Programme (now GET.Invest). Much of this work involved local communities owning their own electricity supplies, so he is keen to apply lessons from this experience in his own community in South Devon.
Director
Dominic brings extensive banking and risk evaluation knowledge and experience to the Yealm board. He had a 40-year career in financial and capital markets, including 20 years in banking and subsequently 20 years with S&P Global Ratings, where he was an executive managing director and head of Global Rating Services. Dominic joined the board for Yealm as he saw the opportunity to share his knowledge and skills and contribute to making the opportunity to acquire three local solar farms become a reality, thereby securing a lasting endowment to the local communities where he and his wife have now made their home. Dominic lives in Newton Ferrers.
Director
Tony has nearly 30 years’ experience of making and managing infrastructure investments. Between 2006 and 2017, Tony was responsible for two listed infrastructure funds, financing and making investments in a wide range of infrastructure assets including solar PV. He joined YCE to to help with the financing and purchase of the solar farms for the local communities, including Newton Ferrers where he and his wife have a home.
Director
Stephen has recently retired after a career in trading seafood. Based in London and with offices in Europe and the USA, Stephen ran a seafood company trading in frozen seafood mainly from the Far East to Europe, USA and Central and South America. He has also been involved with Seafish in the UK and SIPA in Europe working on technical and regulation aspects of the seafood trade. Stephen is a resident of Holbeton.
Consultant Operations Manager
Tracy has an extensive career background covering banking, aviation, project management, environmental conservation, charitable funding and marketing, and, as such, was the ideal choice with the broad skills base needed for the operations manager role at YCE. Tracy lives in Holbeton with her family.
Team Member Position 7
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Team Member Position 10
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Team Member Position 11
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Team Member Position 12
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Interest payments will be agreed at our first AGM (Annual General Meeting), which we expect to hold in the early summer of 2024, and will be released after this.
Shares are not transferable and withdrawing of share capital is subject to agreement by the YCE board. Shares cannot be withdrawn in the first five years except in case of death or exceptional circumstances. Withdrawal requests will be dealt with on a first come, first served basis by the directors.
Applicants must be 18 years old or more to participate in this offer.
Investments can be made on behalf of children at the end of the Ethex order process.
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