Share offer

SE 24 are raising over £200,000 to be invested in solar panels, generating a 4% rate of return, clean electricity and community benefits!

Share offer launch date 16 June 2017. Closing date 16 July 2017 Extended to 24 July

Download your share offer documents below.

 

Summary information

Sustainable Energy 24 Ltd (SE24) launched its first share offer last Summer. We raised £80,000 from investors and completed two of the three roof-top solar photo-voltaic projects that were in the portfolio at that time. For the two completed projects – at Herne Hill United Church  and Herne Hill Methodist Church Hall – SE24 managed to capture the higher levels of Feed-In Tariffs (FITs) that provided the impetus for creating many Community Energy businesses across the country. The funding that wasn’t needed in relation to the third project was returned to investors.

Despite the swingeing cuts to the FITs that were imposed by Government later last year, we have identified a window in the new lower FIT regime where we can make larger projects financially viable. We now have two projects for which we will be seeking £215,000 of finance in a new share offer launched on 16 June 2017. We have half of this pledged already. The offer to investors is as before, namely a 4% return on invested capital over 20 years.

The two new projects are each significantly larger than those at our existing sites.

The first project is at St. Christopher’s Hospice in Sydenham which does sterling service to promote and provide skilled and compassionate palliative care of the highest quality. Over the 20 years of our investment, we hope to deliver more than £21,000 in electricity savings for the hospice, money which can be released for frontline services.

The second project is at Dulwich College, a leading independent day and boarding school, where we estimate electricity savings of £51,000 over 20 years. Together, these projects will avoid CO2 emissions of around 1,100 metric tons over 20 years.

  • St. Christopher’s Hospice
  • 215 panels
  • 352 Total panel surface, m2
  • 48,000 Total PV yield, kWh/yr
  • 19 CO2 avoided, tonnes per year
  • 16
    the number of London to New York flights, based on 1.2 tonnes of CO2 per person, per return flight
  • 10
    Number of UK houses that could be powered based on 4,600 KWh average annual consumption
  • Dulwich College
  • 436 panels
  • 713 Total panel surface, m2
  • 109,000 Total PV yield, kWh/yr
  • 44 CO2 avoided, tonnes per year
  • 36
    the number of London to New York flights, based on 1.2 tonnes of CO2 per person, per return flight
  • 23
    Number of UK houses that could be powered based on 4,600 KWh average annual consumption

 

As with the two earlier projects, we will also be setting aside revenue, estimated at £60,000 over the 20 years, to go into a community fund that will be used to address fuel poverty and provide education to communities about energy efficiency and climate change.