Lewes based award-winning not for profit community energy company launches its third share offer for £140,000 and our local schools will see the benefit.
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The Ouse Valley Energy Services Company (OVESCO) was the first business originating from Transition Town Lewes. We are delighted to let you know about their latest community share offer to raise £140,000 to install solar on local schools. It launched on Sunday 15th July at the Linklater Pavilion in Lewes and will close on Friday 24th August. Interested parties can download the share offer document here, or contact schools@ovesco.co.uk for more information. |
Above: OVESCO Directors and local shareholders inspect the solar array at Priory School in Lewes.
The share offer is being offered by OVESCO Sunny Solar Schools, a not-for-profit community benefit society. OVESCO is celebrating their 10th year of developing community owned renewable energy in Sussex and working with local schools. Director of OVESCO Sunny Solar Schools Chris Rowland explained “We are looking to install community owned solar panels on three schools in East Sussex in this first phase. We’ve been working for the last six months preparing the project and have kicked it off by installing the first 30kW solar array of 110 PV panels at Kings Academy Ringmer. We plan to install 60kW of solar PV panels at St John’s Seaford and St John’s Brighton with an additional 37kW of solar hot water for their swimming pool.”
| The OVESCO Sunny Solar Schools team continues to work with schools interested in installing solar panels on their school. They invite interested schools to contact them: schools@ovesco.co.uk. As additional schools become viable they will launch additional share offers. |  |
For every share you purchase, you will help East Sussex based schools to reduce their annual energy bills and avoid about 9 tonnes of carbon dioxide emissions per school per year; whilst inspiring our next generation of children to be part of a sustainable future.
The OVESCO share offer is the third share launch in their 10 year history and aims to raise over £140,000 of local community investment. Shareholders can expect a 4% return after an initial set up period, with their money back within the 25 year lifetime of the offer. OVESCO Sunny Solar Schools Director Patrick Crawford added “We are really keen to first offer shares to our local communities where the schools are located. Many of our existing shareholders invest on behalf of their children or grandchildren. The shares are a positive investment for many reasons as well as combating climate change and supporting a low carbon future.’
Please see the full Community Share Offer Document on www.OVESCO.co.uk.
About OVESCO Sunny Solar Schools Community Benefit Society (CBS)
The OVESCO Sunny Solar Schools Community Benefit Society (CBS) is registered with the Financial Conduct Authority as Eastry Energy trading as OVESCO Sunny Solar Schools. It has been set up to enable schools in East Sussex to benefit from solar panels without having to invest themselves, yet still share in the expected long-term surplus income generated by each solar project. The CBS is governed by a cross-disciplinary Board of Directors with experience in Community Energy.
@OVESCO
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