Water Power Enterprises (h2oPE) secured £200,000 of pre-development capital over the last few months
Are you doing your bit to support National Climate Week (12 – 18 March)? Directors of Saddleworth Hydro are encouraging keen environmentalists to demonstrate their support for National Climate Week by buying shares in what will be England’s first ‘high head’ community-owned hydroelectricity plant.
Funding renewable energy is a great way to fight climate change. And that’s what Saddleworth Hydro is all about. The plan is to install a 50kW turbine which will generate 170MWh of renewable electricity each year, enough to supply approximately 45 houses. The scheme will also save approximately 1,000 tonnes of CO2 per year.
Why invest in Saddleworth Hydro?
• It’s a one-off financial investment that will have a positive environmental impact for the next 40 years or more
• You can be certain where your money is going and what it’s being spent on
• Make the most of your savings with interest of up to 4% from year two
• Raise thousands of pounds for local environmental projects
• Maximise your tax relief by taking advantage of EIS (Enterprise Investment Scheme) relief at 30% when you buy £500 worth of shares or more.
“What better way of demonstrating your commitment to fighting climate change than to fund renewable energy? asks Bill Edwards, one of the founding directors of Saddleworth Hydro.
“It’s a one-off investment that will have a positive environmental impact for the next 40 years or more. And, as well as receiving a modest return, you’ll also be helping to fund local environmental projects for years to come.”
Saddleworth Hydro needs to raise £120K from the share offer and to date has raised over £40K.
Shares in the hydro cost £1 with a minimum shareholding of £250 and a maximum of £20,000. You can buy shares as an individual or as a business. For full details download a prospectus at www.h2ope.co.uk or for further information phone Tony Bywater on 014578 75423.
We’re working closely with Saddleworth Community Hydro, the Industrial Provident Society which have an in principle agreement to proceed with the landowner.