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Principles met

The Challenge

In 2014 a group of volunteers who were concerned about the escalating pace of the climate emergency and the injustice of energy and fuel poverty formed SELCE.

The SELCE model is simple; to produce, use and share energy, generated by cooperatively owned renewables, to serve energy-efficient buildings and to benefit our most vulnerable residents.

Solution

248 local residents have raised over £500,000 in community finance to support the installation of solar PV projects.

“Community Share Offers” encourage socially-minded investors to invest in solar and receive an annual dividend, whereby their investment is paid in full within 20 years. To date, their solar investment has avoided 59,703 kgCO2e.

The scheme has now been extended to include LED lighting retrofit, which is designed to help community buildings combat the increase in energy prices.

For further information contact: