Community Owned Renewable Energy LLP

Finance facility to enable communities to own and control renewable energy assets.

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Community Owned Renewable Energy(CORE) provides capital to fund the purchase and development of solar farms. CORE holds the solar farms in trust and supports the local community to buy back the assets under community share schemes.

CORE was designed by Environmental Finance, Power to Change and Big Society Capital to help create revenue streams into more disadvantaged communities. Asset ownership allows communities to generate their own energy and reinvest profits to benefit local people. Power to Change’s £10m investment was the largest single fund investment to date by a charitable foundation into social impact investment.

  • Fund size

    £40 million
  • Big Society Capital commitment

    £30 million

Key information

  • Geography

    UK wide
  • Investment type

    Enterprise debt
  • Fund manager

    Environmental Finance
  • Investment status

    Current
  • Investment date

    2017
  • Term

    3 years

Sustainable development goals

  • 1: No Poverty End poverty in all its forms everywhere
  • 3: Good Health and Well-being Ensure healthy lives and promote well-being for all at all ages
  • 7: Affordable and Clean Energy Ensure access to affordable, reliable, sustainable and modern energy for all
  • 8: Decent Work and Economic Growth Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
  • 11: Sustainable Cities and Communities Make cities and human settlements inclusive, safe, resilient and sustainable
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Aman Johal

Investment Director
Talk to me about:
Housing and social investment