THE OPPORTUNITY

View some key dates and statistics of our project below

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Share Offer Open and Close Dates

Raasay Community Renewables Opportunity Share Offer Opens icon Raasay Community Renewables Share Offer Closes icon

Share Offer Opens

Share Offer Closes

12th January 2021

23rd February 2021

Share Prices

Community Contributor Members are individuals who live in the Raasay postcode area and Contributor Members are individuals who live off island or incorporated organisations regardless of location. There is a different minimum investment for each membership category.

 

 

Share Price Raasay Community Renewables

£25

Minimum Investment Icon Raasay Community Renewables Hydro Electric scheme

5 shares/£125 (Community Contributor Members)
15 shares/£375 (Contributor Members)

Maximum Investment Raasay Community Renewables icon

2600 shares/£65,000 (Community Contributor Members)
2600 shares/£65,000 (Contributor Members)

BECOME A MEMBER

Investment Return

Investment Return Raasay Community Renewables

Interest payment capped

Our aim is to pay interest at 4%. At the current Bank of England base rate of 0.1%, the maximum interest we could pay is 3.1%. These are, however, historically low rates, and we can reasonably expect them to be higher from 2022. We aim to pay back all initial investment by 2040. RCR’s Board will seek agreement on the interest payment level and the amount of investment to be returned each year at a members’ Annual General Meeting.

Return on Investment Raasay Community Renewables Return on Investment Raasay Community Renewables

Interest/Return on Investment from

Withdrawal of investment from

2024

2026

Community Benefit Fund

Community Benefit fund for the Isle of Raasay

Community Benefit Fund from

2024

Raasay Hydro Electricity Community Benefit Fund

Value of Community Benefit Fund

c£6,000 payment in 2024 rising to c28,000K in 2031 and continuing to increase over the project lifetime.

Hydro Operation

Hydro Operation

from September 2022

Hydro Operational on Raasay icon

Repaying pre-build costs

£154,342 (CARES loan + interest)

£756,000

Build costs

Pre Build costs of our Raasay based Hydro Electricity scheme Build costs of our Raasay based Hydro Electric scheme

£957,700includes prebuild, build, working capital & share offer admin costs

Project Costs

£307,700
SSE - £300,000

SHECT - £7,700

Raised to date

Project costs of our Raasay Based Hydro Electric scheme Project costs of Raasay Community Renewables

 Minimum - £600,000

Optimum - £650,000

What we need to raise

Raasay Community Renewables funding requirements
Raasay Community Renewables Membership and Investment Opportunity

How to Become a member

Please click the button below to visit our Crowdfunder page and become a member.

 

Contact Info

MENU

Raasay Community Renewables Limited (RCR) is a Community Benefit Society registered with the Financial Conduct Authority (Reg. number 8459). Its purpose is to develop and operate community renewable energy projects on the Isle of Raasay. RCR is legally anchored to Raasay Development Trust, a local charity. This arrangement, underpinned by a Deed of Covenant, ensures all the profits from RCR’s projects are used for the benefit of the local community and our environment.

Contact Raasay Renewables by phone Contact Raasay Community Renewables by email icon Raasay Community Renewables Location Icon

Raasay, Highland, Scotland IV40 8PA

Community Shares Scotland Standard Mark Logo Community Shares Scotland Logo
Raasay Community Renewables Logo
Raasay Community Renewables Opportunity Share Offer Opens icon Raasay Community Renewables Share Offer Closes icon
Share Price Raasay Community Renewables
Minimum Investment Icon Raasay Community Renewables Hydro Electric scheme Maximum Investment Raasay Community Renewables icon
Investment Return Raasay Community Renewables
Return on Investment Raasay Community Renewables Return on Investment Raasay Community Renewables
Community Benefit fund for the Isle of Raasay Raasay Hydro Electricity Community Benefit Fund
Hydro Operational on Raasay icon
Pre Build costs of our Raasay based Hydro Electricity scheme Build costs of our Raasay based Hydro Electric scheme
Project costs of our Raasay Based Hydro Electric scheme Project costs of Raasay Community Renewables
Raasay Community Renewables funding requirements
Raasay Community Renewables Membership and Investment Opportunity
Community Shares Scotland Standard Mark Logo Community Shares Scotland Logo
Raasay Community Renewables Logo
Raasay Community Renewables Opportunity Share Offer Opens icon Raasay Community Renewables Share Offer Closes icon
Share Price Raasay Community Renewables Minimum Investment Icon Raasay Community Renewables Hydro Electric scheme Maximum Investment Raasay Community Renewables icon
Investment Return Raasay Community Renewables Return on Investment Raasay Community Renewables Return on Investment Raasay Community Renewables
Community Benefit fund for the Isle of Raasay Raasay Hydro Electricity Community Benefit Fund
Hydro Operational on Raasay icon
Pre Build costs of our Raasay based Hydro Electricity scheme Build costs of our Raasay based Hydro Electric scheme
Project costs of our Raasay Based Hydro Electric scheme Project costs of Raasay Community Renewables
Raasay Community Renewables funding requirements
Raasay Community Renewables Membership and Investment Opportunity
Community Shares Scotland Standard Mark Logo Community Shares Scotland Logo
Raasay Community Renewables Logo
Raasay Community Renewables Opportunity Share Offer Opens icon Raasay Community Renewables Share Offer Closes icon
Share Price Raasay Community Renewables Minimum Investment Icon Raasay Community Renewables Hydro Electric scheme

5 shares/£125
(Community Contributor Members)
15 shares/£375
(Contributor Members)

Maximum Investment Raasay Community Renewables icon

2600 shares/£65,000
(Community Contributor Members)
2600 shares/£65,000
(Contributor Members)

Investment Return Raasay Community Renewables Return on Investment Raasay Community Renewables
Return on Investment Raasay Community Renewables
Community Benefit fund for the Isle of Raasay
Raasay Hydro Electricity Community Benefit Fund
Hydro Operational on Raasay icon
Pre Build costs of our Raasay based Hydro Electricity scheme Build costs of our Raasay based Hydro Electric scheme
Project costs of our Raasay Based Hydro Electric scheme Project costs of Raasay Community Renewables
Raasay Community Renewables funding requirements
Raasay Community Renewables Membership and Investment Opportunity
Community Shares Scotland Standard Mark Logo Community Shares Scotland Logo
Raasay Community Renewables Opportunity Share Offer Opens icon Raasay Community Renewables Share Offer Closes icon
Share Price Raasay Community Renewables Minimum Investment Icon Raasay Community Renewables Hydro Electric scheme

5 shares/£125
(Community Contributor Members)
15 shares/£375
(Contributor Members)

Maximum Investment Raasay Community Renewables icon

2600 shares/£65,000
(Community Contributor Members)
2600 shares/£65,000
(Contributor Members)

Investment Return Raasay Community Renewables
Return on Investment Raasay Community Renewables
Return on Investment Raasay Community Renewables
Community Benefit fund for the Isle of Raasay Raasay Hydro Electricity Community Benefit Fund
Hydro Operational on Raasay icon
Pre Build costs of our Raasay based Hydro Electricity scheme Build costs of our Raasay based Hydro Electric scheme
Project costs of our Raasay Based Hydro Electric scheme Project costs of Raasay Community Renewables
Raasay Community Renewables funding requirements
Raasay Community Renewables Membership and Investment Opportunity
Community Shares Scotland Standard Mark Logo Community Shares Scotland Logo