We plan to work closely with Mongoose Energy throughout the process of this share offer. Mongoose Energy was established by Bath and West Community Energy Limited (BWCE) to take over its provision of professional development and asset management services to a number of community energy companies. The majority of the management team from BWCE has transferred to Mongoose Energy. This team has been responsible, to date, for raising over £26m through ten community share offers. BWCE has paid 7% to its members in each of the last four years since its first share offer. It was this work and their work with the community that helped BWCE to win the ‘Community Energy Company of the Year’ award in 2014.
Mongoose Energy is a limited company operating under cooperative model rules. It is jointly owned by its member Community Benefit Societies, of which OCE is one, and its own staff and investors. OCE will draw on the considerable knowledge and track record of Mongoose personnel to help deliver the Orchard Farm solar project. It is our joint intention to work together on more projects as opportunities arise in the future.
Mongoose has 6MW of solar PV already under management, which will shortly be joined by 15MW of projects under construction. There is an additional pipeline of 40MW of solar due before June 2016.
Established in 2005, OPDE Group is one of the pioneering corporations that has helped develop the photovoltaic industry in Spain and beyond.
The group focuses mainly on the design, construction and operation of reliable, safe and competitive renewable energy solutions. In the medium term, OPDE seeks to reach grid parity for its generation. In the UK OPDE has built or has under construction 7 solar farm projects totaling 54.7MW.
In Spain and Italy it has built a further 156MW. OPDE is also providing operation and maintenance services for 128 MW of solar.
Ethex brings together on one platform the best positive savings and investment opportunities to make it easy to make money do good. You can browse, compare and invest in a range of products from bank accounts and ISAs to equity investments and charity bonds that offer a social and environmental as well as a financial return. Since 2013, Ethex has now helped raise £47 million of investment into over 50 social businesses, charities and community organisations.
www.ethex.org.uk | 01865 403304 | firstname.lastname@example.org