Village Moves Closer To Self Funded Solar Project
Wedmore Community Power Co-operative is a local initiative designed to provide the village of Wedmore with a renewable energy source. The community is seeking to raise £1,225,000 in total by offering shares in the project. They have just announced they have reached a quarter of a million pounds with two weeks to go in the share offer.
Local people were able to invest a minimum of £250 while those from outside the area must invest at least £2,500. The Share Offer Document defines the local area for this purpose. If the offer is oversubscribed, the Board will scale back applications and may do so on a geographical basis, so those living nearest to the site will receive priority.
The offer is open for six weeks and may be extended if necessary.