Stockport Hydro’s Environmental Challenge Fund
The Fund now stands at £3,800 for up to 10 projects. Apply now if you have a environmental, cooperative or community project within the Stockport Metropolitan Borough Council boundary.
For application forms and more details please visit the Stockport Hydro website
Deadline for applications is 31st January 2019.
Stockport Hydro, a renewable energy scheme at Otterspool Weir on the river Goyt near Marple, Stockport, is Greater Manchester’s first community-owned hydro-electric project. Our two Archimedes screws, Thunder and Lightning, have been operational since October 2012, generating renewable electricity which is fed into the National Grid. We are accredited to earn the Government’s Feed-in-Tariff and the Environment Agency has approved our operation to ensure no damage to the river’s eco-system and wildlife.
Our income comes from the sale of electricity and the FiTs payment we receive for each unit of electricity we generate. This income is used to offset the costs of the scheme, pay back our creditors and generate a return for our investors. In addition to contributing to a reduced carbon footprint, we are using surplus funds generated by the scheme to support and invest in a range of local community projects. The whole Project was funded primarily by a Community Share Offer, with a supporting grants and loans. Over one third of our 323 Members live in the local Stockport area with others all over the country. We work as a cooperative and all share a common interest in community-based schemes generating renewable energy.
With two Archimedes screws which can operate independently and at variable speeds, we have been able to generate power even at times of low water levels: a first, we believe, for schemes such as this. We generate enough clean, green energy to power about 60 homes, saving over 100 tonnes of CO2 per year or over 4,000 tonnes during the estimated 40 year life of the project.