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Contract Signed!
The Directors of Esk Energy (Yorkshire) Limited are delighted to announce that they have signed the contract with JN Bentley Ltd to install a 50kW Archimedes screw hydroelectric turbine on the River Esk at Ruswarp, near Whitby.
In preparation for signing the contract, Bentley’s have started the survey for the final design stage. This involved clearing the site where the turbine is to be installed and meeting the landowner and members of the hydro steering group. As part of the project, trees will be planted to replace those that were felled in order to install the turbine.
Bentley’s will now place the order for the turbine and whilst this is being manufactured by Spaans Babcock there will not be much progress to see on site. If all goes to plan, work to prepare for the installation will start in April, with the aim of generating in early July.
Thank you for your support so far. Please pass information about the project to family, friends and colleagues as we are still accepting share applications.
Letter of Intent
We have moved to the next stage of the project by sending a letter indicating our intention to enter into a contract with J N Bentley for the Whitby Esk Energy Project. We hope to sign the contract with Bentley's in the next few weeks. This means that the final design work will be undertaken in January with the order for the turbine being placed before the end of January.
Meet the Team
Thank you to all those who attended the Meet the Team event on the 10th December. About thirty-five of us managed to squeeze into the Bridge Inn, Ruswarp to hear about the latest plans. The hydro team really enjoyed meeting shareholders and others interested in the project. The weather was fine which meant we were able to go and visit the site to see where the turbine will be installed. Unfortunately (or perhaps fortunately) Caryn's video camera didn't work very well so there is no video footage from the meeting. Hopefully next time Gareth Jenkins, who produced this video of an interview with Colin Mather, the Chairman of Esk Energy (Yorkshire) Limited, will be able to attend and capture the feeling of excitement from the event that comes from being part of a community energy project.
As the event was so successful we plan to hold another event in the Spring when work gets underway on site.
Share Issue
Remember we are still accepting share applications. As Whitby Esk Energy becomes a reality we expect more people to be interested in the project so spread the word amongst your friends, family, neighbours and colleagues. We have revised the prospectus and application form to cover the building phase of the project until commissioning.
Once the turbine is commissioned then a further edition of the prospectus will be issued with different terms to reflect the different risk involved in investing once we are generating electricity.
The aims of the project are twofold:
- To produce 'green' energy thereby reducing carbon emissions.
- To produce a regular income to finance continuing carbon reducing projects.
Shares are available from as little as £250 (up to a maximum of £20,000). You can either apply here online or download a prospectus and post the application form with your payment.
Buying shares is an ideal way to act locally to offset carbon emissions and help promote renewable energy.
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