The new financial year has got off to a flying start, with more than 50,000 kWh being generated in the first six weeks and bringing total generation to the half a million kWh mark. It’s great to see the hydro consistently generating near maximum output for significant periods of time, making the most of the river conditions. It’s been a good start to new financial year, and a contrast to last year’s dry conditions, which saw annual output at the lower end of our anticipated annual range.
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.