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Greater Manchester Community Renewables Share Offer Launch

Contributed by Harriet Mansfield on 18.05.2016

An article about Greater Manchester Community Renewables Share Offer Launch. Written by Harriet Mansfield 

Greater Manchester Community Renewables (GMCR) project was founded a little over a year ago in January 2015 by a group of passionate volunteers. The aim of GMCR was to bring the benefits of community owned renewable energy to Greater Manchester.

Currently, GMCR are planning on installing solar panels at Irlam Primary School, Primrose Hill Primary School, The Fuse and Fiddlers Lane Primary School in partnership with Moss Community Energy. In order to fund the installation of the solar panels, GMCR is launching a community share offer to raise £186,000 by 30th June 2016.

It is estimated that this project will be able to save 50 tonnes of CO2 in the first year alone, by generating over 100,000 kWh of renewable electricity! This is estimated to result in the combined energy savings of up to £50,000 over the life of the project, as the sites will receive electricity from the panels at a 25% discount compared to their existing supplier. As well as all that, each site will also receive educational support to help local residents of all ages learn about energy and climate change. Not only this, a proportion of the surpluses (estimated to reach over £60,000), will be available to be used for community projects relating to climate change and environmental education.

In order to get involved in this amazing project, the minimum investment is just £100. Once you have bought shares you will then be a GMCR member and receive share interest payments amongst other benefits. The share offer has also been awarded the Community Shares Standard Mark - for more information, visit communityshares.org.uk.

Over £18,000 has already been raised and GMCR needs your help to make Greater Manchester a leader in community renewables and create more sustainable local communities! For more information about the project, visit GMCR’s website at www.gmcr.org.uk/invest or emailinfo@gmcr.org.uk.  You can also find GMCR on Facebook and Twitter by searching for @WeAreGMCR.