How Brighton Energy Coop works
To raise the money required to install solar panels in our area we sell shares in in Brighton Energy Coop. Shareholders become BEC members.
We aim to provide members a return on investment of 5% for twenty years, starting 12-18 months after the project is installed. 5% of capital is also available for repayment each year. The minimum shareholding is £300 and the maximum is £20,000.
How We Raise Money
We raise money via investment from the wider community. By pooling resources it’s possible to raise large amounts of cash – other UK energy co-ops have raised as much as £20m for community energy projects.
We do this by selling shares in our legal entity, Brighton Energy Limited, a Community Benefit Society (CBS). A CBS is radically different from a normal company – each member in the society has one vote, for example (regardless of the amount invested) and the maximum investment is £20,000.
Becoming a Member
By joining BEC you help create new renewable energy systems in our area. All members get a 5% interest on their investments, and we also fund other community groups that work on renewable energy and energy efficiency. Your membership helps build more renewable power, as well as sharing the benefit into our community.
Our Solar Partners
Eleven thousand people are members of energy coops in the UK, part of a huge grassroots effort to develop local renewable energy. If you’re interested in joining us, click here, or have a look at this video to see what it means to become an energy coop member.