Llangattock Green Valleys are launching their first community share offer today – Wales’ first up-and-running hydro co-operative! The co-op will own and operate two high-head micro hydro schemes close to Llangattock in the Brecon Beacons. They are looking for £270k of share capital with a predicted return of 5% (excluding EIS tax relief, for which the share offer is also eligible). The project will provide a significant income to local social enterprises LGV Ventures and TGV Hydro.
There are launch events on Monday 30 Sep (7pm – 9pm) and Thursday 3 Oct (4pm – 6pm) at the Old Rectory Hotel in Llangattock, or you can download the share document at the project website. Sharenergy has helped with setting up the share offer and will be providing admin services during the share offer period.
We’re proud to have been involved in firsts for Scotland with wind and Wales with hydro this month – feels like we are helping to share some abundant weather resources in both cases!