Social Housing Co-Operative 'To Revolutionise Energy Production'

A new energy cooperative for the social housing sector could generate £20 million in revenue from renewable energy per year; generate 250 megawatts of electricity and save two million tonnes of carbon. Participating properties in the Greater Manchester region will host equipment for the generation of wind and solar power. Each property has the potential to generate up to £900 worth of renewable energy per year.The resulting energy will be pooled, with some distributed locally and some sold on to the National Grid to generate funds for investment into local energy needs. A heavily subsidised social tariff will be available to residents at risk of fuel poverty, a growing problem that now affects an estimated six million more homes than it did just two years ago. An estimated 60 per cent of UK social housing residents are at risk of fuel poverty. Read the full story on 24.dash website.