WHO OWNS HREC?
Hampshire Renewable Energy Co-operative Ltd is an industrial and provident society regulated under the Financial Service Authority. It is owned by it’s members.
IS SOMEONE AVAILABLE TO SPEAK WITH US FROM HREC?
If you would like to discuss a potential community renewable energy project or would like someone to speak at an event about sustainable energy please contact our office and let us know your requirements.
WHAT IS RENEWABLE ENERGY?
Harnessing energy from inexhaustible fuel sources, such as wind, water and sun, to produce non-polluting, carbon neutral heat and power. This is the opposite of fossil fuel powered plants that create nearly a third of the UKs CO2 emissions, a greenhouse gas that contributes to catastrophic global warming.
WHAT PROJECT IS BEST?
Any size scheme or technology that is carbon neutral and produces no radioactive waste can provide a positive role in UK energy generation. Small-scale schemes, such as a 75kW turbine, greatly assist in overcoming public acceptance barriers and increase projects that developers may not explore due to scale, profitability or complexities. Meanwhile larger schemes can contribute to replacement of old nuclear and coal power stations.
HOW CAN I INVEST IN ONE OF YOUR PROJECTS?
You’ll find full details on our investors page.
WHOM CAN I CONTACT FOR FURTHER ADVICE?
We are always happy to discuss opportunities with people who have a scheme they would like to be community owned. For further assistance please contact us.
WHY PROMOTE COMMUNITY RENEWABLES?
Renewable energy offers local communities the opportunity to deliver their own sources of clean, green sustainable power through wind, water, biomass and solar resources, reduce carbon emissions and provide a new income source, particularly to remote rural areas.
DOES COMMUNITY PARTICIPATION INCREASE RENEWABLE UPTAKE?
The UK has the best on-shore wind resource in Europe yet one of the lowest uptakes of wind power. On the other hand Germany and Denmark, where community ownership has been championed, are world leaders in terms of manufacturing capability and generation (22% of total capacity in Denmark). Local investment in renewable energy has played a determining role in their success through project financing and public participation.
WHAT IS A CO-OPERATIVE?
‘An autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly-owned and democratically controlled enterprise.’ The principles are essentially;
- Open membership
- Democratic control
- A dividend on purchases
- Limited interest on capital
- Political and religious neutrality
- Cash trading
- Promotion of education
Co-operatives come in many shapes and forms from worker co-operatives to community and consumer co-operatives
Do you have any other questions? Why not post your questions on our Facebook page, or contact us by email.
Photo Credit: George Belfield