|Carmarthenshire Energy: generating and saving energy for the benefit of our communities.||
NOTICE OF CARMARTHENSHIRE ENERGY ANNUAL GENERAL MEETING 2016
A General meeting of the Carmarthenshire Energy Limited (CEL) will take place on Friday 29th July 2016
Location: Salem Village Hall, Salem, Nr. Llandeilo, Carmarthenshire SA19 7LY
Time: 10:30am – 12:30pm
2. Chairman’s Report by Neil Lewis.
3. Secretary’s Report by Roxanne Treacy.
4. Treasurer’s Report by Tom Defis.
Notes of guidance for the General Meeting of the Carmarthenshire Energy Limited on 29th July 2016
1. Non-financial queries to be raised during the meeting should be forwarded in writing in advance to the secretary by e-mail firstname.lastname@example.org to arrive no later than 10th July 2016.
2 Financial queries to be raised during the meeting should be forwarded in writing in advance to the treasurer by e-mail tdefis@cymorth-cristnogolorg to arrive no later than 10th July 2016.
3. Accommodation in the Village Hall is limited so please advise as soon as practicable your intention to attend or not.
Following the AGM, and as a thank you for your support, you are invited to join us for a light lunch (12:30 - 1:30pm) to celebrate the commissioning of the turbine and a visit to the site for a group photograph.
To book your place and to find out more, please follow this link: http://www.eventbrite.com/e/carmarthenshire-energy-salem-turbine-open-day-tickets-26155105625
Carmarthenshire Energy conducted the official handover from Enercon of Carmarthenshire's first community-owned 500kw turbine in Salem yesterday.
Carmarthenshire Energy is a Community Benefit Society founded in 2012 following a year of consultation with communities, businesses and councillors. They aim to support community groups and those suffering from fuel poverty and concerned about energy security and climate change; creating renewable energy projects run for people not profit, with any surplus generated reinvested in the local economy.
The Salem turbine is the biggest community owned renewable energy installation in Wales and income generated will go towards a community benefit fund of £1.3m. Including interest being paid to local shareholders, the overall project is likely to be worth nearer £2m for the county.
The group received support from Welsh Government's Ynni Lleol, its predecessor programme Ynni’r Fro, Renew Wales and project managers Seren Energy. They are currently running a community share offer inviting the public to invest in the scheme.
Chairman Neil Lewis said: “After raising a pleasing £350,000 through the first month-long Share Offer in November, we are now aiming to raise £640,000. As before, there will be a generous return on investment (5.6% IRR) as well as potential tax reliefs with the new Personal Savings Allowance scheme.
The more money we can raise through community shares to cover the cost of the project, the less we have to borrow and more will remain in the community pot. We have set the entry level low at £100 to enable as many people to invest and benefit as possible.”
The Carmarthenshire Energy share offer closes on July 11th 2016. For more details, visit: www.carmarthenshireenergy.org.uk
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