Our Great Dunkilns project has been covered by both BBC News and ITV news. For those who missed coverage follow the links below
BBC national news
ITV West Country
A feature in the Guardian reviewing aspects of the Resilient Energy approach and the approach of large wind farm developers
Summary of our power purchase agreement with energy supplier Co-op Energy - Closing the loop.
Background to the establishment of The Resilience Centre and its aims
Press Release 27/07/12
Local people invited to invest as work starts on pioneering turbine
People in the Forest of Dean (and elsewhere in the UK) can now invest in a revolutionary wind turbine project as work gets underway at St Briavels.
Just £5 is needed to claim a stake in the project, a 500kW wind turbine being built on Anthony Cooke’s Great Dunkilns Farm by Resilient Energy Great Dunkilns plc www.resilientenergy.co.uk a Joint Venture by local social entrepreneurs Andrew and Sue Clarke from Woolaston-based sustainable development company The Resilience Centre Ltd www.theresiliencecentre.co.uk and Anthony Cooke.
Diggers appeared on site earlier this week to begin to prepare the foundations and the first part of the turbine itself, a huge metal foundation ring, was delivered on Wednesday. The work is set to be completed to commission the wind turbine in September.
It is the first wind energy project in the country that anyone can invest in through a community finance platform from ‘green financiers’, Abundance Generation and will be the first Community Scale wind turbine in the Forest of Dean district when constructed.
Bruce Davis, co-founder of Abundance Generation said: ‘We call it ‘democratic finance’, enabling small investors, starting at as little as £5, to produce a regular return from the generation and sale of 100% green electricity from wind, solar, hydro and other renewable energy sources. Abundance is like a “building society” for the 21st Century which enables our customers' money to go directly into projects generating growth and revenue in the real economy.'
Abundance is a Financial Services Authority-regulated community finance platform. The scheme allows people to buy debentures, or ‘official IOUs’, which provide a regular cash return based on the profits from the energy generated, producing an effective rate of return of between 6.75% and 8%.
Abundance is inviting local people to take advantage of its early bird bonuses, which will reduce the annual management fee by up to 15% for the life of the debenture. People can sign up online at www.abundancegeneration.com. Abundance is open to all UK residents over 18 years of age online. Subscriptions will be filled on a first come first served basis and the offer will close once the full target amount of £1.4 million has been reached.