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April 26, 2010    

Hydroelectricity offers H2oPE to ethical investors

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by David Masters
Hydroelectricity offers H2oPE to ethical investors

A new social enterprise is looking to transform redundant Victorian river weirs into hydroelectric turbines.

H2oPE is installing the turbines at two locations in northern England, and is looking for small-scale investors to back the new schemes.

Investors can buy shares in a particular turbine for just £1 each, with a minimum purchase of 250 shares, and a maximum permitted investment of £20,000.

Electricity from the turbines will be used to power local houses, and each will provide enough electricity for around 130 homes.

H2oPE said the turbines offer an eco-friendly alternative for investors disillusioned with the ethics of traditional savings products.

“We know there are individuals who want to save for the future, but are not convinced about the ‘greenness’ of some of the products currently on offer,” said Steve Walsh, H2oPE managing director.

“Our community hydro share scheme offers provide a real alternative.”

Brigid Benson of ethical investment advisers The Gaeia Partnership added: “There is a growing trend of investors wanting to invest money and at the same time make a positive difference to the world in which they live.

“Community hydros provide one such opportunity.”

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