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Orchard Community Energy Bond Launch and AGM
Wed 14 September 2016, 18:30 – 21:00 BST
5.5% APR 3-year bond to be launched.
Want to find out more about the community energy model? The board of Orchard Community Energy ( OCE) - Kent's biggest community-owned renewable energy project - invites you to its bond launch and first AGM.
We have already successfully acquired a £6M solar farm in Iwade Parish, near Sittingbourne, using the community ownership model. This is an exciting step for Kent and just the beginning of our aim to ensure communities have the opportunity to own and control the generation and use of energy.
Come and hear about what community investment in this solar array near Iwade in Kent is now achieving. Existing members and shareholders as well as local and Kent-wide residents are warmly invited to join us at UKP Leisure, Sittingbourne.
OCE acquired the solar array in June 2016, when the site was already generating and exporting electricty to the grid. The 5 MW array produces enough electricity in a year to meet roughly the equivalent demand of 1250 homes.
Using the community energy financing model, we are ensuring that surplus profits are accrued at a highly beneficial rate. Over a 20 year span, Orchard Community Energy aims to build a Community Fund of up to £3M.
Supported by Mongoose Energy Limited, the board of OCE, plans to deliver further community energy projects, enabling the people of Kent to literally take power into their own hands.
Please book early as spaces are limited.
For information about other community energy events in Kent throughout September and October, where you can speak to at least one of the OCE directors, please contact Stephanie Karpetas. firstname.lastname@example.org
18.30 Arrival Refreshments and a chance to network/ meet the Board
1900 The Orchard Community Energy Bond Offer (The full bond offer document will be available on the evening)
19.45 AGM : Including Chair’s Report – what has been achieved so far and plans for the future – Penny Shepherd; audited accounts, community fund and re-election of Directors.
20.30 Q & A / Networking