Annual Performance Summaries 2017/18 Solar 2014 + Solar 2016 Sandford Hydro ONCORE: A & B www.lowcarbonhub.org Low Carbon Hub, 9 Park End Street, Oxford OX1 1HH •
[email protected] Solar 2014 Investment Portfolio ......................... 4 LOW CARBON HUB contents Solar 2016 Investment Portfolio ......................... 6 Sandford Hydro Investment Portfolio ............. 8 at a glance ONCORE Investment Portfolio .........................10 Background notes .....................................................14 Dear Member enables the initiative to offer schools cheaper electricity and for the projects to make a surplus, These portfolio summaries have been created to 100% of which is used to support local community PLANET people give you an insight into the environmental and action on climate change. The Feed-in tariff closes financial performance of your investment over for new registrations in March 2019 so the race the last financial year. is on to get as many schools installed with solar Since its inception more than six years ago, the panels before the deadline. Low Carbon Hub has successfully raised over £4 Finally, I am thrilled to be able to announce the million of investment from our supporters, just launch of our new share offer: renewable energy installations* investor members who between The Community 808 like you, enabling us to deliver three portfolios Energy Fund. As with our previous share offers, 38 them have invested £4.1 million to finance the of community-owned hydro and rooftop solar Together they can: £ investment will be put to good use supporting costs of our projects and whose investments PV renewable energy projects. community energy. However, partly in response bring energy into community ownership Key highlights during the year included the to investor feedback, it has some new features.