We are intending to building a 55kW pelton turbine close to the centre of Corwen, which will be funded by community shares, and owned by the shareholders, who will automatically become members of our co-operative when they buy shares. Shareholders will get their capital returned over the next 20 years, and will get interest payments over this time, and some money will be put into a local community fund.
Over the next 20 years, the turbine will generate electricity, reducing the carbon footprint of Corwen, and bring a little bit of our electricity infrastructure into local democratic ownership rather than owned by international corporations.
If you would like to find out more, please come to our public event on 2nd September, at the Owain Glyndwr hotel in Corwen. You will find more details on the “Events” page here of this website.
Corwen Electricity Co-operative is being supported by and would like to give thanks to many organisations including Cadwyn Clwyd, Corin Hughes Limited, Renew Wales, Ynni’r Fro, Denbighshire County Council, The Rhug Estate, Natural Resources Wales, Dwr Cymru and Sharenergy