“TRESOC – a new type of community renewables company… a business that should be funded… TRESOC may enable Totnes to become one of the first towns to operate its own independent generation and energy retailing company supplying local homes and businesses with ‘local’ electricity” – Chris Goodall, Carbon Commentary
Share Offer extended, Charity Bank steps in!
Share Issue update – we’ve raised some £200,000 with money still coming in, but it’s not yet enough. Charity Bank sought us out and are offering a top-up loan facility on terms that might allow us to fund all our projects and establish TRESOC as a going concern. In consultation with Members, we’re keeping the Share Offer open until we get a decision from the Bank, in about 6-8 weeks time. Meanwhile, keep the money coming in, we need share capital to develop community renewable energy in Totnes! See statement from MD, Ian Bright
Join Jonathon Porritt and hundreds of people just like you…
Invest now to enable Housing Association tenants to benefit from free electricity. This is a great opportunity to put you money in an ethical, secure, investment in community-scale, clean energy installations. Millions have been raised by Community Energy groups across the UK – you have the power!
“I’ve been following TRESOC’s fortunes for some years – and was strongly in favour of their (sadly) unsuccessful wind farm application 18 months ago. For me, TRESOC represents exactly the kind of organisation on which the future of energy in the UK will come increasingly to depend. Personally, I’ve invested £2,500 – and wish it could be a lot more. Over the last five years, I have set aside roughly £5,000 a year to invest in community energy schemes around the country. It just makes much more sense to me at the moment than sticking it in a pension pot!” – Jonathon Porritt See the story in the Herald Express
Read our Prospectus, then apply by returning the Application Form and a cheque to us – for £20 up to £100,000. Membership comes with TRESOC’s acceptance of your application and investment payment. Download our WHY INVEST CRIB SHEET to help spread the word.
Talk at Torbay Hospital
This is exactly the kind of help we need! An offer at the Tagore Festival from a potential new member to arrange a presentation to 130 hospital staff at Torbay Hospital. As a result, we’ll be speaking at lunchtime on 2nd July in the Horizon Centre about our journey, the success of Leatside, why Community Energy is the clean, healthy way for us, collectively, to take a stake in our energy future and why this Share Offer is a really important opportunity. Where do you work? Who do you know? TREC Lecture Theatre, Horizon Centre, Torbay Hospital, 12-2pm on Wednesday 2nd July. Open to all.
TRESOC at Tagore
TRESOC had a presence at the 3-day festival and thoroughly enjoyed the range of conversations we had with members and potential investors. Lots of interest in the Totnes Weir project and suggestions for other projects that we could undertake… if we meet our Share Issue target. Invest and help us treat nature with respect. Quote from Satish Kumar: “Let’s get rid of the isms and make them wasms”. Next: Ways With Words, 5th-13th July. Volunteer on our stall in the reading tent!
Staverton Leat project gets big thumbs up
TRESOC has received a very positive response to the historic Staverton Leat project. Julian Sharpe of the Dart Anglers Association has said, “I am very, very keen to see this scheme happen, and my beloved fish protected.” A member of the Staverton Leat Working Group added, “This is the best answer to our problems”. See the latest project update.
RTPI SW planners briefed on TCWF
MD Ian Bright was a guest speaker on 16th May at the RTPI SW Conference on Planning for Renewable Energy at Plymouth University. Ian was asked to share learning from the TRESOC experience of community energy and the planning system and spoke on “TRESOC and the Totnes Community Wind Farm: a case study” – RTPI TCWF RTPI Presentation
The event was well attended by planners from across the South West, including a strong contingent from South Hams District Council. It was encouraging to see planners engaging with the UK renewable energy agenda, although the outlook for large wind turbines in the planning system remains bleak. New guidance from the Dept. for Communities and Local Government on engaging with local communities in wind farm developments is expected soon. Meanwhile, TRESOC is concentrating on other, less contentious renewable energy technologies in solar and hydro for the 2014 Share Issue.
Ian says, “It was good to have the chance to tell our side of the TCWF story to SW planners, and to say what we did next. A good working relationship with local government is key to the success of community energy enterprises like TRESOC. Thanks also to the SHDC planners who gave me a lift home!”
Hydro & Solar Roofs Share Issue Launched!
We were out in full force at the market today, talking to lots of people about our Share Issue, and collecting proxy votes for our SGM on May 22nd (the proposal is boundary removal). Matt Harvey’s poem, “To whom does Energy Belong?” written for our Share Issue launch, adorned the columns of the Butterwalk. First performed at South Brent’s Third Folk Festival, Matt’s poem proclaims:
“For when it shines and when it pours
– On one or both we can depend –
The good accrues to you and yours
When you’re TRESOC’s all-weather friend…”
Download Matt’s poem
Boundary Removal for More Local Investment
As we approach the opening of our Share Issue, we have an important bit of business to conduct. Find out why removing our boundary makes sense at this point in our evolution and cast your vote at a Special General Meeting: Thursday 22nd May at 7pm, Totnes Boating Association, Steamer Quay Road, Totnes, TQ9 5AL.
Please join us, with tea/coffee/nibbles provided. RSVP by emailing firstname.lastname@example.org. A full set of our existing rules found at the bottom of the page here or contact us if you would like a copy.
Proxy Form only
Explanatory letter to members with Proxy Form
SGM Agenda including the proposed rule change
Members’ ideas for Share Issue
Fantastic turn-out upstairs at the Kingsbridge Inn at our Share Issue brainstorm session. We got all the things we wished for – questions, feedback, ideas, enthusiasm and commitment. Ideas ranged from bike-based promotion to on-site, interpretive signage, plus signed-up commitment to host a social gathering and leaflet neighbourhoods. Without our members’ help at this stage, projects that are ready to go simply might not happen. There’s no doubt, even amongst those who wondered about the wind turbines, that investing in Community Energy makes environmental, social and financial sense.
Underpublicised Good News
The maximum share investment in an IPS has increased from £20k to £100k. The Industrial and Provident Societies (Increase in Shareholding Limit) Order 2014 sets out the details.