Resilient Energy Mounteneys Renewables (REMR)

Resilient Energy Mounteneys Renewables (REMR) is a Community Benefit Society that owns and operates two 500kW community wind turbines. REMR began as a collaboration between an established community energy developer (The Resilience Centre) and a community-minded landowner. Both wanted to make a difference through community-based, renewable energy generation. The organisation has committed to allocate 4% of its turnover to help build community resilience in Kingswood, Wickwar, Hillesley and environs, by addressing current needs and future challenges.

About our investment

Investment 1

Community Investment Fund
October 2016

The loan provided construction finance to build and install two 500kW wind turbines. The two-turbines were pre-accredited for the Feed-in-Tariff (‘FIT’), with all surpluses being used to improve social outcomes in the local community

What

Improved access to affordable energy and improved social outcomes for local community

Who

Individuals and families faced with fuel poverty in a local community

How Much

A minimum of 4% of annual revenue, and any excess cash, to be distributed to community projects

Contribution

The loan provides additional funding for community benefit. Projects are chosen by local community volunteers

Risk

Wind energy is reliable. The risk to revenue and 4% surplus generation for community benefit, is low

*We define risk as: risk that the impact defined above will not be achieved by the investment

The SASC support for REMR has extended beyond the social finance which helped us to achieve the installation of the two community wind turbines. As a result of an introduction from SASC, we were able to access timely pro bono legal advice on a separate matter which concluded in a strengthening of the society’s position. We have also engaged with peer to peer mentoring through investee group events that SASC organise.

Andrew Clarke, Director

Visit the Resilient Energy Mounteneys Renewables (REMR) website

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