YCE negotiates the purchase of local solar farms on behalf of the community and offers local people the opportunity to become shareholders, giving residents of the Yealm area, and Devon priority over investors living further afield. All our investor members will be offered a fair return on their investment, an equal say in how our business is run and the opportunity to make their savings do good.
We had expected to launch our first share offer in 2020, but due to the low wholesale price of electricity during the COVID crisis, this has been delayed to the end of 2021/early 2022. An announcement will be made a soon as we have further information.
Supporters will be sent copies of the investment prospectus as soon as it is available. If you are not already a supporter and would like to be kept informed please complete the Application Form.
Newton Downs, Newton Ferrers
Our first community project is an existing solar farm at Newton Downs. It generates enough clean energy to power the equivalent of 2000 average homes.
Creacombe, near Yealmpton
The construction of the 7.3 MW solar farm at Creacombe was funded by Community Owned Renewable Energy LLP (CORE) and it was commissioned at the end of December 2019. It is owned initially by (CORE) before being purchased by YCE in 2020. In the meantime YCE receives an annual contribution to our Community Fund from the revenues.