With good generating conditions continuing on the river, we reached the 300,000 kWh generation point just before 9pm tonight. This brings the generation for this current financial year to date to 201,682kWh or 112% of our full 12 months annual target. Our financial year ends at the end of the month, so we hope to continue to see our annual target rise over the next few days. Our continued thanks to our team of volunteers who visit the site every day to help keep the trash screen clear of debris. Keeping the mouth of the hydro clear helps ensure a maximum ‘head height’ at the hydro. This refers to the distance the water falls at the site. The larger the distance, the more power is generated. Most of the debris comprises of twigs and leaves. However over the season the team has also fished out a flower pots, a bucket, plastic sheeting and fencing – and a leek.
Pledge target reached in just 9 days!
16 April 2013
Wow! We’ve hit our pledge target in just 9 days! Given the phenomenal response to the share offer we are now reassessing our financial model to calculate the potential to accept a greater level of investment. This would enable us to reduce the level of loans taken out to fund the project.
We currently estimate we expect to increase the amount of investment we can accept, however we want to take advice and will announce our final decision on the website as soon as possible.
Investment reaches £150,000 in first week
15 April 2013
We have been bowled over by the phenomenal interest we have received in the first seven days since the share offer launched. Pledging via the website started within minutes of the offer going live, and has continued steadily ever since – with almost £50,000 pledged via the site on Sunday alone. Of the £219,00o pledge to date – over £150,000 has been received as applications.
Thank you to everyone for your amazing support of the project.