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UK-based Not-For-Profit Community Interest Company To Develop and Support Community Energy Projects

Joint venture targets community projects
27 February 2012
Regen SW and Green Trust CIC are launching the joint venture Communities for Renewables to build green energy projects.

The company will be showcased to communities at the Renewable Energy Marketplace in Exeter on March 8.

Communities for Renewables received investment from the Esmée Fairbairn Foundation. It will work in partnership with community groups to support green energy projects, according to Regen SW.
Work has already begun with the Wadebridge Renewable Energy Network, Cornwall.

Green Trust CIC managing director Jake Burnyeat said: “By using a social enterprise business model, Communities for Renewables can provide the finance and expertise needed to enable communities to develop community scale renewable energy projects and earn a significant revenue stream.”

Energy minister Charles Hendry welcomed Communities for Renewables and said this is “just the sort of expertise which I think is going to be necessary, to turn community renewables from being an ambition into reality”.

The company’s website can be found here

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