The Dundee Renewable Energy Society (DRES) Share Offer is now only open to local residents within the Dundee and surrounding area

Total raised so far:
£

A big thank you to everyone who has subscribed for shares.

We have now exceeded our first phase target amount, so this phase is now closed.  Phase 2 is now open and will remain open until 30 April 2024 unless closed earlier by the Board.  We will be communicating with all subscribers.

  • Projected rate of interest then starts at 7% per annum for each of the first four years then 6% thereafter
  • Minimum investment is £100
  • Maximum investment is £50,000

The site is located at Bullionfield, on land owned by the James Hutton Institute, one of the UK’s major research institutes and is situated north of the A90 on the approach to Dundee from the west. The Solar Meadow will consist of 2.59 MW Solar PV panels and is anticipated to generate approximately 2,214 MWh each year. 94% of the electricity generated will be sold to the Institute.

Site work has already started, initially with tree clearance and detailed design work.

We are still waiting for a start date and written approval of the Minute of Agreement from Transport Scotland.  We decided to wait until those are received before issuing the shares or accepting any more money, as we would want to be sure the works will be done in the limited window available.  We hoped it would have happened before now as the principle of the access and all the design details and specification are agreed, but that is not the case. As soon as we get these matters sorted we will let you know.

Click on the links below for full Terms & Conditions.

To learn more about the project please visit the Dundee Renewable Energy Society website.

IMPORTANT NOTE: This share offer is a long term investment in shares to deliver environmental and social impacts as well as a financial return.  As with any investment there are risks.  Your capital is at risk and may not be readily realisable.  Returns are projected and variable, depending on the performance of the project, and are not guaranteed.  Consider all risks before investing and read the offer document.   Dundee Renewable Energy Society Limited is registered under the Co-operative and Community Benefit Societies Act under Registration Number RS007833.
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