Burneside Community Energy – Phase 2 Share Offer Launch
An opportunity to buy shares in a Cumbrian solar energy scheme goes live at 7pm tonight, Wednesday 24 October.
Burneside Community Energy (BCE) aims to raise £330,000 for its second installation of solar PV, at the James Cropper plc site in the village. BCE anticipates the scheme will generate annual interest at a rate of 4.7%. The share offer is open to everyone, but prioritiy will be given to residents of Burneside and employees of James Cropper if it’s oversubscribed.
If you’d like to find out more, come along to the launch event this evening in the Bryce Institute in Burneside. You can also read more information online, including the full share offer prospectus.
BCE is a community benefit society. In 2015, it successfully raised £250,000 from local shareholders to install 250kW of solar PV on the roof of James Cropper plc. That system has been running above expectation and £5,000 has been earmarked for community projects. CAfS is administering and marketing the share offer for BCE, and we’re hugely excited to support another community energy scheme to get up and running in Cumbria.