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.
Are the interest rates limited? Read More »
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!
What other examples are there of this type of plant? Read More »
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
How much Community Benefit will there be? Read More »
JOIN OUR OPEN ACTION EVENING FOCUSED ON PLANNING DOWNSTAIRS AT THE OUTLOOK Come and join us for Discussions, a Drink, and some Doing, helping us out on keeping the Reading Hydro Project moving forward. If you are not already a member, don’t worry, you can join us at this or any other open members’ event (and
READING HYDRO PLANNING EVENING – 7:30pm Monday 19th of February, The Outlook Read More »
So you’re not for profit, but not a charity? You’re not a business, but you’ll be looking for investors for the hydroelectric project? People can join as members and vote for directors at your Annual General Meeting, and agree where community funds can go, but you’re not a cooperative or a Community Interest Company, Social
Just what is a Community Benefit Society? Read More »
Wouldn’t it be wonderful for Reading to have a Hydro Energy scheme on Caversham Weir that would be able to fund and support sustainability community projects in Reading? Only a few years ago, in 2013, this was the origins of the idea being explored the Transition Town Reading Energy Group. Like all good ideas, it
