This project has been fully funded and is now generating clean energy!

About this project

Vauxhall Energy is a community benefit society that empowers residents to generate their own clean energy, provides work experience and jobs for local people and addresses energy efficiency and fuel poverty in Vauxhall.

 


How it works


We are creating a community-owned solar array on the roofs of 5 blocks in Vauxhall Gardens Estate. This is funded through a community share offer - giving local people and investors an opportunity to gain a 3% return on their clean energy investment. After operating costs are deducted, profits will be divided between providing investors with the annual return on investment, and benefitting the tenants and residents living in Vauxhall Gardens Estate.


What we will achieve


Environmental benefits

  • 65 kWp solar array to be installed on 5 blocks in the estate: Arne, Arrowsmith, Jameson, Kennedy and Mountain.
  • 24 tonnes of CO2 per annum will be saved from entering the atmosphere - that is 488 tonnes over the 20-year life of the project.
  • The project will generate 1059 MWh of clean renewable electricity over the lifetime of the project. This is the equivalent of powering 17 homes.

Financial benefits

  • An average 3% return on investment for investor members.
  • £15,000 ring fenced for the benefit of the Community over the life of the project.

Social benefits

  • Contribute to wider action in reducing our dependence on fossil fuels.
  • Provide an ethical and social investment opportunity for local people in Lambeth.
  • Fund community activities.
  • Provide work experience and jobs for local people.
  • Empowering communities and promoting local leadership.
  • Support and training for vulnerable youth, local residents and long term unemployed and job seekers.
  • Raise awareness surrounding energy issues.

What we have achieved so far


  • We have been engaged with residents and run energy advice and solar panel making workshops.
  • Provided home energy audits.
  • Nine local young people have benefitted from a 20-week paid internship programme. This involved gaining experience in finance, media, PR and the technical aspects of delivering a community energy project. 

Our investors

Megan
about 1 year ago
Maria Pilar
about 1 year ago
Gema
about 1 year ago
William
about 1 year ago
Christopher
about 1 year ago
Eon Les
about 1 year ago
Irene
about 1 year ago
Mike
about 1 year ago
Jemima Vivien
about 1 year ago
Jonathan Alexander
about 1 year ago
Hanna
about 1 year ago
Celeste
about 1 year ago
Damon
about 1 year ago
Kanatta
about 1 year ago
mark
about 1 year ago
Cedric Vincent
about 1 year ago
Callum
about 1 year ago
angela
about 1 year ago
Carla
about 1 year ago
Gail
about 1 year ago
Christine
about 1 year ago
David John
about 1 year ago
Jeremy Bernard
about 1 year ago
Aled
about 1 year ago
Lorraine Ann
about 1 year ago
Jessica Rachel
about 1 year ago
Lucie
about 1 year ago
Annie
about 1 year ago
Gary Mark
about 1 year ago
Alison
about 1 year ago
Daniel
about 1 year ago
Catharine Marie
about 1 year ago
Sam
about 1 year ago
Ross
about 1 year ago
Olivier
about 1 year ago
Richard
about 1 year ago
Philip
about 1 year ago
Raphael Lawrence
about 1 year ago
Ashis
about 1 year ago
Anke
about 1 year ago
Elizabeth Anne Louise
about 1 year ago
Sarah Katharine
about 1 year ago
Agamemnon
about 1 year ago
Brian
about 1 year ago
Dave
about 1 year ago
Afsheen
about 1 year ago

£54,741 Raised of our £50,430 goal

81 investors

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Need help?

If you have any questions about investing or the project please don't hestitate to contact us:

info@repowering.org.uk