A win-win-win for the environment, the community and you!
You are invited to invest in Awel and own shares in a new Welsh wind Co-op. You can subscribe to this Share Offer for as little as £50.
We have decided to extend our Share Offer to refinance a Welsh Government loan. We’re doing this as it will be better financially for the co-op, we want lots of members to own our turbines, and Welsh Govt will be able to use the money we return to support more community renewables. The terms and conditions remain as before. Our first year was very successful and we’ve repaid interest to our members @5% or 7% (if they invested before June 2016). We just published accounts for Awel Co-op which owns the trading arm, Awel y Gwrhyd CIC.
Awel is a Community Benefit Society and its project owns and run two 2.35MW Enercon wind turbines on Mynydd y Gwrhyd, 20 miles north of Swansea. These turbines will produce clean, low carbon energy and are forecast to generate an estimated 12,558 MWh of clean energy a year, enough to supply over 2,500 homes. Production levels so far are well ahead of this estimate. So far, we’ve generated more than 16,000,000 kwh and counting…..
We started construction on March 14th 2016 with local company, Raymond Brown. The windfarm was completed ahead of schedule and the turbines were commissioned on January 25th 2017.
Awel is your chance to directly own Welsh wind generation and take action on climate change. This scheme will harness the winds of South Wales to generate electricity using renewable technology. You will gain a projected 5% return per year as well as potential tax reliefs with the new Personal Savings Allowance scheme.
Profits will be used to support local charity Awel Aman Tawe in tackling fuel poverty and developing other renewable energy projects.
The team behind this Share Offer have already successfully delivered Egni Solar Co-op which has installed 179kW of solar on five local community buildings.