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Title: | Yealm Community Energy | Local Clean Energy | Could be improved |
Description: | Welcome Yealm Community Energy Ltd (YCE) is a Community Benefit Society, registered with the Financial Conduct Authority. We aim to provide clean electricity, and to channel all profits into funds for community projects for the residents of the parishes bordering the Yealm estuary – Newton Ferrers and Noss Mayo, Holbeton, Yealmpton, Brixton and Wembury.Households in the Yealm area have been paying around £7 million per year to outside suppliers for electricity and gas, representing about 5% of earned income. This money leaves the local economy, and benefits large energy companies.. Ownership of local clean energy generation will retain the profits within the community. Governance The Rules of our Community Benefit Society can be found YCE Ltd Rules FINAL. The board of directors is drawn from the membership. We would welcome expressions of interest from anyone interested in either joining the board or contributing their skills. We are particularly keen to build our capabilities in marketing, financial management and commercial law. The profiles of the current board of directors can be found here: YCE Board Profiles. Membership The Society is owned by its Members. Membership is open to all for the minimum fee of £1. They can vote at general meetings (one vote per member) and are eligible to be selected for the board and for the trustees of the Community Funds. In addition events will be organized for members, such as site visits to the solar briefings on activities and projects (e.g. the planned data monitoring of local electricity flows). Investors in solar are automatically members. You can join by filling the sign-up form here.. Some FAQs : Some information for potential investors is provided below as a guide. Note that this information should not be used to decide whether to invest. A detailed investment prospectus will be issued prior to any share offer that will provide legally valid information for investors, outlining the risks and terms and conditions of the share offer. FAQs | |
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