Ynni Cymunedol Cymru

Carmarthenshire Energy Share Offer Re-Opened, October 2019

Carmarthenshire Energy would like to convert their last remaining loan of £100,000 into shares.

If you would like to become a member and invest please email mail@ynnisirgar.org.

See all the details of their new share offer and how to apply for shares within the Share Offer Document here.

Minimum Investment only £100

They are proud to have now raised over £1m of their project costs. Since the last Share Offer opened the turbine has been generating electricity and profits and therefore have already managed to pay off fully the initial £850,000 loan from Finance Wales.

There is still a chance for additional investors to join Carms Energy when we have another loan due for repayment in 2019.

The 500kW wind turbine will produce clean, low carbon energy for at least the next two decades. Generating an excellent return on your investment that cannot be matched by high street banks.

Carms energy are working towards our ambitions of:

  • Protecting residents from fuel poverty.
  • Promoting action to combat climate change.
  • Encouraging entrepreneurship by keeping jobs, skills and finance within our communities.

To date they have invested directly into the local community through a project that will bring long-term benefits - at the Salem Community Hall they installed solar panels (10kW) and battery storage (5kWh) so the energy produced by the panels can be used by the charge point for electric vehicles that they also installed. They are currently funding low energy lighting solutions (advised through Renew Wales) to bring down the cost and carbon of lighting the building and the Salem community have since been inspired to install a heat pump that will effectively eradicate energy bills for much of the year. They have also rebuilt 8m of drystone wall, using local skills and replanted for biodiversity.

Together Carmarthenshire Energy are building a resilient community, a result they hope to replicate throughout Carmarthenshire.

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