The Community Energy Fund is now closed for investment.
We raised £3 million in new investment – thank you!
We are really pleased to announce that we have now met our target of raising £3 million of new investment into the Community Energy Fund. Thank you so much to everyone who has invested, putting their money to work tackling climate change.
We have been absolutely blown away by the level of support this share offer has received. The share offer re-opened in November 2020 and we had to increase our target twice in order to meet unprecedented levels of early investment. And even now we have reached our target early, before the official deadline of 31 March 2021.
We apologise for any disappointment for those who haven’t been able to invest this time. However, we do anticipate opening the Fund each year for new investment. To be the first to hear when we do reopen, please sign up to our mailing list.
A huge thank you to everyone who has supported us and helped make this possible.
This round of investment in the Community Energy Fund has been something of a whirlwind to witness! Thank you so much to everyone who has chosen to invest in us and put their money to work tackling climate change. We look forward to welcoming lots of new investors to the Low Carbon Hub too.DR Barbara Hammond MBE
CEO, Low Carbon Hub
What will the money be used for?
As laid out in our Share Offer Document, we set a £3 million investment target for 2021 to develop renewable energy projects in Oxfordshire.
In particular, this investment will be used to:
- Build Ray Valley Solar, a 19MW ground mount solar park, situated near Bicester.
- Develop a pipeline of rooftop solar PV projects
Ray Valley Solar
In order to meet our carbon reduction targets, we need significantly more renewable energy generation. In Oxfordshire, this means the development of ground mount solar projects.
Ray Valley Solar will be the Low Carbon Hub’s first ground mount solar project and will result in a five-fold increase in our annual green electricity generation. Situated in Arncott, three miles south east of Bicester, the site neighbours an MOD logistics site, HM Bullingdon prison and two existing solar parks. Ray Valley Solar will:
- Be the largest community owned solar park in the UK
- Generate 19 GWh of clean green electricity every year, enough to power over 5,000 homes
- Save approximately 417 tonnes of CO2 being emitted annually
- Comprise 35,900 solar panels with battery storage also approved for the site
- Keep £2.6 million worth of energy spend in the local economy each year
- Generate £13 million community benefit funding over the project lifetime.
- Provide an important ‘anchor generation load’ for Project Local Energy Oxfordshire (LEO) – a collaborative partnership looking at how smart, local and flexible energy systems can accelerate the transition to a zero carbon energy system.
The project build is expected to be complete by September 2021. You can find out more about the project in this webinar.
“Ray Valley Solar is a hugely exciting project to have in the county. As well as providing the backbone for our Project LEO smart grid trials, we hope it will help build partnerships with local energy users to keep energy spend within the county and make many more projects like this viable. I think this project is a really good reason to be optimistic about the part ground mount solar can play in meeting our 2030 carbon targets.Tom Heel, Business development director, low carbon hub
Rooftop Solar PV
The Low Carbon Hub owns and manages over 40 renewable energy installations across Oxfordshire. We will use this funding to continue to develop a pipeline of rooftop solar PV projects.
What is the Community Energy Fund?
The Community Energy Fund is the investment opportunity that puts your money to work delivering local projects to tackle climate change and pays you interest in return for your support.
We use the money invested in the Fund to strengthen and grow our portfolio of community energy projects. As a result we generate more green energy, a sustainable income stream for our carbon-cutting community work, and can deliver ground-breaking collaborative partnerships to accelerate the transition to a zero carbon energy system.
Since its inception in 2018, we’ve raised over £6 million through the Community Energy Fund, from over 1,700 investors.
Have a question?
If you have a question about investing in the Low Carbon Hub, please contact us on firstname.lastname@example.org or 01865 546452.
If you have recently invested and have any questions about the application process, please contact Ethex directly on email@example.com.
Meet our investors
Our investors choose us for lots of different reasons. They want their savings to be put to work for a positive impact, take action to tackle the climate emergency, support local projects, and many more.
Meet some of our existing investors, members of our community groups, a teacher and students from our solar schools on why they joined with the Low Carbon Hub.