Shares in Abingdon Hydro went on sale this morning at the Guildhall in Abingdon. The share offer is open until 20th December.

This community project, with plans to generate electricity from the Thames in Abingdon, has had a long journey to get this far… getting planning permission, and approval from the Environment Agency, and answering questions from anglers. 10% of the projects costs are to fund a new fish pass.

They now hope to raise £1.25m from people in the local community to finance the project. There is a risk with the investment, but against the risk is a government tax offer. The earliest investors in this renewable energy project got a 50% tax relief on their investment, and others get 30% tax relief.

Along the River Thames different groups, some private, some community financed, are putting in Archimedes screws near locks to generate electricity. Thanks to the hard work of Richard Riggs and others the Abingdon Hydro will be largely community financed .

The current flow of the River Thames at Abingdon Weir would be what is needed to keep generating at near full power.
Find out more at Abingdon Hydro.






