The Archimedes screw turbines are relatively simple and don’t need much maintenance. However, we will appoint contractors to keep the scheme working and well maintained. Members will be encouraged to check the inlets and warn us if debris is accumulating.
You can’t sell your Reading Hydro shares in the first 12 months. After that, you can only sell them back to Reading Hydro CBS. Investing in Reading Hydro is intended to be for the long term, and it’s at the discretion of the Directors whether shares will be bought back, and only if funds are available.
Fantastic breaking news – Reading Hydro has received a boost to our share raise, thanks to an offer of a £100k investment from Power to Change. With this we have reached our £700k target! Thank you so much to everyone who has invested.
Our share offer will stay open as stated to February 14th, but we may have to scale back applications for shares. To encourage community ownership, we will give priority to applications from Reading residents.