Once the scheme is up-and-running, we aim to offer 4% interest to investors each year (or at the rate of inflation if that is higher). The rate is not guaranteed, it will be agreed by Reading Hydro members at the AGM and depend on the income and costs during the previous year. You can invest and chose not to receive interest.
There are lots of hydro power schemes in the UK already using Archimedes screw turbines. We have learned and taken inspiration from them. There are five sites nearby on the Thames at Mapledurham, Osney, Sandford, Sonning and Windsor. Reading Hydro is really close to Reading town centre and the railway station, and by far the easiest one to visit!
We estimate the Community Benefit Fund to be approximately £700,000 over 40 years – an average of £17,500 per year. This can be invested into other local actions to tackle climate change. Email us at reading.hydro.cbs@gmail.com with any questions. #rdguk #sustainable #greenenergy
JOIN OUR OPEN ACTION EVENING FOCUSED ON PLANNING DOWNSTAIRS AT THE OUTLOOK Come and join us for Discussions, a Drink,
So you’re not for profit, but not a charity? You’re not a business, but you’ll be looking for investors for
Wouldn’t it be wonderful for Reading to have a Hydro Energy scheme on Caversham Weir that would be able to
