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Kent Community Energy
Renewable Energy - Community Shares
Forecast
return
Kent Community Energy (KCE) is an established community benefit society that is raising funds to purchase an operational solar farm capable of powering around 1,700 homes, carbon-free
- Where your money goes
- Team
- Documents
- Updates
Updates
No updates.
Kent Community Energy
Society number 7233
London, UK
Incorporation date: 29 October 2015
Your money will…
Tackle climate change by supporting KCE’s continued generation of community-owned solar energy, cutting harmful carbon emissions.
Support a thriving community energy group which funds vital local initiatives through an estimated £2 million Community Benefit Fund.
Help democratise our energy system by bringing this renewable energy asset into full community ownership.
Earn a potential financial return Investments target an annual return of 6% and investors become members of the community benefit society.
The bigger picture
Kent Community Energy was formed in 2016 and is raising funds via this share offer to purchase the fully operational 5 MW Orchard 2 Solar Farm in the Kent countryside (in the UK’s sunniest county) into community ownership. The Solar Farm:
- has an installed capacity of 5 MW
- is capable of powering around 1,700 homes, carbon-free
- mitigates around 1,165 tonnes of CO2 emissions annually
- has been successfully supplying the national grid for several years
- is expected to generate excess revenue of around £2 million over its lifetime that KCE will channel back onto community benefit initiatives, including more solar energy projects
Kent Community Energy is part of Community Energy Together, a collaboration of five societies and seven solar farm assets. Each solar farm is being purchased by a local society, increasing the capacity of community-owned solar energy in England and Wales by about 20%.
Where your money goes
It’s your money, so you want to know where it goes and what kind of impact you’re making. Your investment in Kent Community Energy will:
- Enable this community energy organisation to continue to fund social and environmental initiatives creating a stronger, more resilient community.
- Ensure the Orchard 2 solar farm continues to operate and is transferred into community ownership, reducing the impact of climate change and contributing to energy security through this and other local energy initiatives.
- Empower local people and organisations to take control of their energy generation by creating 100% community-owned renewable energy, and
- Support Kent’s transition to a low-carbon future while supporting wildlife and biodiversity in the local area.
Team
Kent 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://kentcommunityenergy.org/
Michael Bax
Director
Michael has senior executive experience working across four continents in project development, operation, and mergers and acquisitions, across the sustainable energy sector. He is also an expert on ethical impact investing and is a Chartered Accountant. He is on the Committee of the Canterbury area Green Party.
Daniel Keeling
Director
Dan is a member of the Institute of Civil Engineers and has held senior positions on Crossrail, High Speed One and Channel Tunnel projects. He is also an active member of Folkestone Rotary Club and is keen to promote environmental projects
Alberto Martellini
Director
Alberto has a background in customer focus, product management and data analytics. He is also a board member of the Kent Savers Credit Union.
John Partington
Director
John has a background in public service broadcasting and has recently moved into energy assessment. He is an accredited heat loss and domestic energy assessor. He also works as an executive coach and mediator, and volunteers at Tonbridge Canoe Club.
Dan Watkins
Director
Dan has worked in business development and strategy and is a founding director of a digital conveyancing firm. He is a councillor and chair of the KCC working group on Local Transport Strategy. He has also been active as a school governor and in various environmental groups.
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Interest accrual and payment
KCE is targeting a 6% interest paid annually on all retained capital. The first payment should occur shortly after the first AGM in the summer of 2024.
Getting your money out
Shares are not transferable, but requests can be made to withdraw share capital ahead of the timetable set out by the directors. In the first five years this will only be allowed under exceptional circumstances, after which the directors will endeavour to meet all withdrawal requests but cannot guarantee the request will be met.
Investing on behalf of children
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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