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Community energy organisations like Bristol Energy Cooperative (‘BEC’) are member-owned and direct profits back into local communities.
BEC is a community-owned enterprise that was established in 2011. BEC is owned by members of the community in and around Bristol, and individuals further afield who share their values. Democracy is at the heart of what BEC does. They employ a one member one vote system which ensures everyone has an equal voice in the co-op, no matter the size of their investment.
In the last 13 years, the co-operative has grown to over 1,600 investor members. With their help, BEC has brought 20 solar and battery projects online, generating enough clean, home-grown electricity to power the equivalent of over 3,500 homes.
Jessica, BEC investor member and non-executive director
Through this latest community share offer, BEC hopes to raise £1 million. The co-operative will use these funds for working capital to support development activities and to finance the growth of its renewable energy portfolio. The intention for these investments is to add one megawatt of solar energy to projects over the next year.
Shareholders will become members of BEC and will be invited to attend BEC’s annual general meeting and receive BEC’s annual report and newsletters providing an update on BEC’s activities.
The shares are non-transferable to third parties except on the death of a shareholder.
Jessica, BEC investor member and non-executive director
Community energy organisations like Bristol Energy Cooperative (‘BEC’) are member-owned and direct profits back into local communities.
BEC is a community-owned enterprise that was established in 2011. BEC is owned by members of the community in and around Bristol, and individuals further afield who share their values. Democracy is at the heart of what BEC does. They employ a one member one vote system which ensures everyone has an equal voice in the co-op, no matter the size of their investment.
In the last 13 years, the co-operative has grown to over 1,600 investor members. With their help, BEC has brought 20 solar and battery projects online, generating enough clean, home-grown electricity to power the equivalent of over 3,500 homes.
Through this latest community share offer, BEC hopes to raise £1 million. The co-operative will use these funds for working capital to support development activities and to finance the growth of its renewable energy portfolio. The intention for these investments is to add one megawatt of solar energy to projects over the next year.
Bristol Energy Cooperative (BEC)
Withdrawable shares, valued at £1 each.
£1,000,000 (1,000,000 shares)
This is designed as a long-term social investment. Investors may request to withdraw their shares after three years, but any request is at the discretion of the directors and subject to sufficient funds being available.
£100
£100,000
£200,000
Target 6% interest rate, the actual rate paid will depend on BEC’s performance.
Shareholders will become members of BEC and will be invited to attend BEC’s annual general meeting and receive BEC’s annual report and newsletters providing an update on BEC’s activities.
The shares are non-transferable to third parties except on the death of a shareholder.
Although shares in BEC are withdrawable, this is at the discretion of the directors, and you may not be able to withdraw the full amount you purchased if BEC does not have sufficient funds available at the time you want to withdraw your shares.
The offer period is from 15 May 2024 to 5pm on 31 July 2024. The offer may be closed early if fully subscribed. The offer may also be extended for a further period at the sole discretion of the directors, in which case an interim close will be held on 31 July 2024 and a final close at a later date. Shares are issued 14 days after the closing date.