March 2017: The three Archimedes screws have now arrived in Sandford!
Our Sandford Hydro Share Offer is open until 31 May 2017 to new and existing investors, with a target raise of £380,000 or more. The minimum investment is £250, with returns to you forecast as 5%, based on RPI +3%.
More about the share offer & how to invest!
ABOUT SANDFORD HYDRO
Investors in Sandford Hydro are helping return the Lasher Weir (between Sandford and Kennington on the Thames) to its historic role as a provider of clean energy. This hydro project will generate 1,600 MWh per year -- the equivalent demand of 450 homes, or most of Sandford. Construction on this project began in September 2016 and is due to be completed in Summer 2017.
Through this community energy share offer, local residents and people from further afield have a chance to own part of this amazing hydro system, earn a good financial return, and make their money do good.
CASE STUDY AND PROJECT UPDATES
MAKING YOUR MONEY DO GOOD
As a social (rather than commercial) developer, we reinvest 100% of our own surplus revenue from our renewables projects, after costs and investor returns are paid, back into our renewable energy mission. Find out more about:
FINANCIAL BENEFITS OF INVESTING
- Internal rate of return (IRR) based on RPI+3% paid per annum until 2036. On current projections, this would give an IRR of 5% over the 20 year period.
- Interest payments from the end of the second year of operation and 100% repayment of your initial investment progressively over 20 years, starting in year 4.
- With the new Personal Saving Allowance (PSA) you may be able to earn up to £1,000 in interest from your shares tax free.
- All Members have the right to attend general meetings, and have one vote, regardless of how many shares they hold.
- Shares can qualify for 100% relief under Business Relief for Inheritance Tax.
HOW TO INVEST
Please read our 2016 Share Offer Document and 2017 Sandford Hydro Memorandum carefully and then:
- invest online through Ethex, the social investment platform, by 31 May 2017 here, or
- download, print and complete this paper application form, returning it to Ethex as specified.
Our Share Offer Document
This document was created for our 2016 Share Offer which had two share classes: (1) Sandford Hydro and (2) Solar PV 2016. This time, we have re-opened just our Sandford Hydro share class for a limited period as this project is nearing completion in the summer of 2017. Aside from the deadlines for investment shown in this document and the target equity raise table on p.13, all other information in this document is still applicable for our 2017 Sandford Hydro share offer -- please read the brief update we have put together to explain!
We have decided to keep the share offer open until the target date of 31 May, even if we reach the target before then. It is better both for existing shareholders and community benefit to have more community equity in the scheme and to be able to replace some of our long-term debt.
Note that the Solar PV 2016 share class is now closed, as all installations are up and running, and will not re-open for investment.
February 2017: The structure is now starting to rise from the river!
DECEMBER 2016: The results of the noisy piling work -- a temporary coffer dam to enable us to work at the site.
DECEMBER 2016: Looking downstream, with Sandford on your left and Kennington on the right.
DECEMBER 2016: The river at dusk. We're working hard to make the most of the short days.
CASE STUDY: See the Sandford Hydro case study for more information about the project.
What people are saying
With interest rates falling to zero and below, it really makes sense to put spare money into the last remaining FiT-based projects.
Chris Goodall Renewable energy analyst, and author of new solar power & storage book, The Switch (July 2016)
The Low Carbon Hub is a really good example of a pioneering social enterprise and Oxford Capital shares its ambitions to scale-up renewable energy. We are delighted to support the team in their imaginative and tenacious work.
Edward Mott Managing Partner, Oxford Capital
Love this idea – and it’s definitely time to shake up the way we generate and use energy! Happy to be a small investor.
Sir Richard Branson Founder, Virgin Group
Investing in the Low Carbon Hub ticks all the boxes… with a fair rate of return and tax breaks to boot, putting my money into the Hub is just common sense.
Peter Thompson Chair, Oxford Civic Society
Oxford Bus Company is proud to be the first local business to partner with the Low Carbon Hub on a renewables scheme. Now we are green on our buses, green in our depot, and green on the roof too!
Luke Marion Finance Director, Oxford Bus Company
The Low Carbon Hub was incredibly helpful in supporting us to develop and market our share offer for Osney Lock Hydro. Investing in the Low Carbon Hub will enable other community energy projects like ours to become a reality.
Saskya Huggins Director, Osney Lock Hydro
We are delighted to be working with Low Carbon Hub to increase renewable energy production in Oxfordshire. This is a scheme which benefits Norbar, the local community and the environment.
Catherine Rohll Commercial Director, Norbar