Investors sought for 19 community energy projects

An Oxford-based social enterprise is seeking investors for community energy projects worth £3.5 million. Low Carbon Hub’s new share offer will finance a 440kW hydro project in Sandford Lock Hydro […]

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By Jacqueline Echevarria

An Oxford-based social enterprise is seeking investors for community energy projects worth £3.5 million.

Low Carbon Hub’s new share offer will finance a 440kW hydro project in Sandford Lock Hydro which is expected to power 450 homes.

It also aims to fund 18 solar projects in schools and businesses across the region.

People can invest between £250 and £100,000, with projected returns of 5%.

With these new projects included, Low Carbon Hub’s total ‘start-up’ portfolio is expected to save 2,344 tonnes of CO2 every year and provide enough clean electricity to power more than 1,300 homes.

The firm stated: “If we want a renewable energy future in the UK and specifically one that is developed for the benefit of local economies and communities we can have one but we will need to stand up for it, together.”

Oxfordshire is said to spend around £1.5 billion on energy – roughly 10% of the region’s GDP.