‘Northern Ireland Community Energy (NICE) is a local community energy co-operative, taking forward, community-owned, renewable energy initiatives & energy efficiency services. Providing a social, economic & environmental return within the NI community for the benefit of future generations’
At a General meeting held in March 2016, NICE members supported the Board proposal for a second solar pv project. “NICE2” project aims to further add up to 10 solar panel installations at between 4 & 12 Kwp each on the roofs of charities and social enterprises in Northern Ireland. Expressions of interest have been sought from the 3rd sector for this offer. NICE currently has received 40 expressions of interest!
The concept of community ownership of energy infrastructures is well established in continental Europe and increasingly popular in the UK. NICE is a not-for-profit, pioneering enterprise, run by a group of volunteers with a track record in renewable energy and co-operative models. While traditional energy companies aim to maximise profit that reaches a small number of individuals NICE community-owned co-operative is based on a decentralised and far more equitable model that helps the environment, helps the local community, and is built upon principles of fairness.
NICE on 25th April 2016 launched NICE2 a second community share offer to raise £130,000, which will enable the society to install solar panels free of charge for up to ten charitable and community organisations.
Last year NICE raised an impressive £150,000 with its first community share issue enabling solar PV installations to benefit 13 organisations.
This 2nd community share enables the public to invest in our project with a minimum purchase of 250 shares and a maximum of 20,000 shares at £1 each. Current NICE members may also purchase further shares in the co-operative. NICE has received pledges of around £20,000 before the new share offer was even launched. The co-operative expects to deliver a return of approximately 4% to its investors as well as investing in a community fund providing for energy efficiency projects to tackle fuel poverty in Northern Ireland.
This is a time limited opportunity to become a member of our pioneering community energy enterprise. The share offer closing date is June 30th 2016.
You can view and download a copy of the offer document by clicking on the Share Offer Document image above.
NICE is Northern Ireland’s first community owned solar energy society. Members co-own the enterprise and have an equal say in respect of the way in which the co-operative is run.