A co-operative way to generate, use and share energy – SELCE – Royal Borough of Greenwich

• Lead Member Greenwich Royal Borough
• Categories Climate Change & Environment

In 2014 a group of people living in South-East London came together with a common vision of a greener future. Their aim was to generate electricity that was not only renewable but also affordable and owned and controlled by the people who use it. In just three years, volunteers behind the South East London Community Energy co-operative (Selce) have made considerable strides towards making their vision a reality.

So far, Selce has raised £350,000 from community investors to install solar arrays on seven local primary schools. This creates a virtuous circle: partner schools benefit from cheaper electricity; community investors receive 4% annual interest; and Selce ploughs back any surplus into its pioneering projects to reduce fuel poverty.

Read more…