Up to £1m raised for energy projects through community investment
Funding of up to £1m has been raised by the Brighton and Hove Energy Services Co-operative (BHESCo) as community investments to finance various clean energy projects, a recent news report has been able to suggest.
The non-profit social organisation, which launched its first community share offer in 2015, has now completed as many as 50 community owned energy projects which are targeted to reduce carbon dioxide emissions by 5,478 tonnes over their operational lifetime.
Kayla Ente, Founder and CEO of BHESCo, said: “Ultimately, what drives me the most is a wish to help other communities around the country to start their own energy co-ops, expanding on the ‘local energy’ model and bringing more democratic ownership of our energy resources to residents across the UK.”
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