Ovesco and Ringmer Community College launch solar energy share offer on 23rd November
Parents and members of the local community in Ringmer are being invited to invest in new solar panels installed on Ringmer Community College’s roof. This is a joint initiative involving the school and Ouse Valley Energy Services Company (Ovesco). The College has strong eco-credentials, around 180 students are active eco-representatives and some have helped to plan and deliver the share offer. Ovesco has installed community-owned solar panels on the roofs of three other schools as well as on Harvey’s warehouse in Lewes.
The 114 panels generate green electricity from the sun. They will save over 13 metric tonnes of carbon a year and will also provide cheap electricity for the College.
We aim to raise £40,000. Shares can be bought by any local resident aged over 16 with a minimum investment of £250 and maximum of £10,000. Shareholders will be paid interest of about 4% per year. After 25 years, or earlier on application, your money will be returned. So buying shares makes sense both ecologically and financially.
The share offer will be launched at Ringmer Community College on Wednesday 23rd November, at 6.00pm. Please come along and hear about it.
For more information contact Chris Rowland at the OVESCO office by
Meadow Blue Community Energy - This share offer is now closed
The share offer aims to raise £640,000, which will be invested in a 5MW solar array at Merston Farm in Chichester, is eligible for Enterprise Investment Tax (EIS) tax relief and aims to pay investors 7% interest/annum. The directors of Meadow Blue Community Energy include Chris Rowland (a director of OVESCO Ltd CIC) and Nick Rouse (a director of OVESCO Ltd CIC & OVESCO Limited CBS) as well as Julie Salmon, Dave Barton and Steve Webb. To meet the directors join us on Tuesday 17 November 2015, 4-6pm, 6-8pm, Vicars’ Hall, The Royal Chantry, Cathedral Cloisters, Chichester, West Sussex PO19 1PX.
IMPORTANT: due to recent changes to the Enterprise Investment Tax (EIS) tax relief announced on the 26th October, investors cheques must clear by the 23rd November and BACS payments by 24th November. For more information about how and when to invest go to the Ethex website
This is almost certainly the last chance to benefit from a share offer in a community energy project using EIS.
Chris Rowland – Director OVESCO Ltd CIC & Meadow Blue Community Energy.
OVESCO Confirmed as an Ashden 2014 Award winner
Using Thomas Paine's words printed on the Lewes Pound 'We have it in our POWER to build the world anew' Chris Rowland called for a power generating revolution in the UK.
Photographer: Andrew Aitchison
Ovesco secured an award worth £10,000 at the Ashden Awards ceremony on the 22nd of May for its work on renewable energy in Lewes District. The money will go towards new projects in the District. According to Liz Mandeville, one of the Ovesco directors at the ceremony, even more important than the grant was learning from the other finalists about some of the marvellous inventions and successes in both the UK and other parts of the world. From small but effective work on reducing energy use in schools, via provision of renewable energy in remote villages by smart cards and the mobile telephone network, to a 44% reduction in energy demand in both new and existing buildings achieved by the global IT giant Infosys, it really does seem that, slowly, the world is changing direction. Indirectly, everyone involved with Ovesco is a contributor to that change. Let’s pat ourselves on the back!
OVESCO Ltd Directors