We already have one very small Photo Voltaic installation producing electricity and expect to have a much larger installation in place within the next year. The first will be funded through community loans and the second through a community share offer. We will give priority to local investors. We are also developing a couple of micro hydro schemes.
All our electricity generating installations will be managed through Cooperatives. The first cooperative, which will manage the installations mentioned above, is now established under the name “Abergavenny Community Energy (1) Cooperative”.
We believe there is considerable potential for further energy generation in this area, including micro hydro, and we expect to have a number of cooperatives in place within a few years.