Welcome to MORE Renewables!
We are an Industrial and Provident Society (a co-op) set up for the benefit of its members (investors). We were set up in 2011. We have completed two projects: a 50 kWp solar PV system at Forge Bank, the Lancaster Cohousing in Halton, installed in 2012, and a small biomass boiler at the Women's Holiday Centre in Horton in Ribblesdale, installed in 2013.
What are our aims?
MORE Renewables directors
Our vision is to develop a range of renewable energy installations in the Morecambe Bay area, making use of our local resources such as sun, wind, woodland and fast flowing rivers, to reduce carbon emissions, provide a return to investors and funding to help people reduce their energy use and live more sustainably.
Over the next five years we want to develop several small scale renewable energy projects, including solar, small scale wind, hydro and biomass, representing an investment of £1-3 million, to provide a reliable return to our members and secure funding to community projects which reduce energy use.
We are interested in talking to organisation who use lots of electricity in the day time, particularly during the summer, and who have unshaded south-facing roofs. We would also like to talk to farmers and other land owners who have land that could be used for wind turbines or ground-mounted solar PV.
Share offer now closed
Our third share offer is now closed. It was successful in raising the £50,000 we needed to fund the extension to our PV system at Forge Bank before the closing date. Thank you to everyone who has applied for shares! We will be sending out share certificates before the end of July.
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Installation now complete
Installation of the 39 kWp extension of our PV system at Forge Bank is now complete. This is taken from the cyle path on the other side of the river on 22 June.
First share interest and community benefit payments
After a full year of operation of our first solar PV system, we made our first share interest payments, of 2%, the rate set out in our share offer documentation in autumn 2013. We also made a payment of £535 to the LESS Home Energy Service, to refurbish their thermal imaging camera and contribute to training of their energy officer.