Whilst negotiators from 195 countries try to reach a deal within two weeks aimed at reducing global carbon emissions, the people of Carmarthenshire have been doing their bit to combat climate change by investing in a community-owned wind turbine project
A local community energy organisation has raised an astonishing £343k in less than a month through a community share offer for the project. Carmarthenshire Energy is a not-for-profit community benefit society that works with communities to develop renewable energy projects, implement energy efficiency measures and tackle fuel poverty.
They offered people the opportunity to invest in a £1.5m wind energy project in Salem. The scheme will also benefit the wider community of Carmarthenshire as surpluses, predicted to be in excess of £2m over the life of the project, will be reinvested by Carmarthenshire Energy in the county.
Chair of Carmarthenshire Energy, Neil Lewis says:
“We have been delighted and overwhelmed by the response to the Share Offer.
Despite the challenges community energy has encountered in the last few months, this has proven to us that there is massive support for what we do. Over half of the investment has come from within Wales and the majority of that has come from within Carmarthenshire.
Many cited the need to combat climate change as the reason for their investment, rather than the generous returns offered, which we found immensely encouraging. People are definitely more aware that we all need to do something if we are going to be able to look future generations in the eye with pride, not guilt.
We will be running a similar Share Offer early next year, so watch this space!”
To find out more about Carmarthenshire Energy or to register your interest in future share offers, please contact email@example.com or call 01267 616 333