PEC Renewables is a Community Benefit Society, set up in 2014 by Plymouth Energy Community to fund, install and manage community-owned renewable energy installations.
PEC Renewables' seventh AGM was an online meeting, for the first time, where only the formal business was held.
Dave Garland (Chair) opened the meeting and conducted the formal proceedings. The Directors' report and audited Financial Statements for the year ended 30th June 2020 were received and adopted. The auditors, Bromhead Chartered Accountants, were re-appointed as the auditors of the company for the year to 30th June 2021, and the Board were authorised to set their remuneration
As per the rules of PEC Renewables, one third of Directors must stand down. As the longest serving Director, Christopher Penberthy stood down and was subsequently re-elected:
- Christopher Penberthy
Of the 27% of membership who voted, 99% of members approved payment of interest on members share capital at a rate of 4% of the investment value for shareholdings allocated in 2014 and 2015 (Share Offers 1 and 2). 100% of members approved the payment of interest on members share capital at a rate of 5% of the investment value for shareholdings allocated in August 2016 and January 2017 (Share Offer 3). Both payments were approved.
Mission Possible: Art and Enterprise for a Zero Carbon World
In the week following the formal business of our AGM, we held a virtual event as part of Plymouth Social Enterprise Festival. We partnered with the University of Plymouth's Sustainable Earth Institute, to bring together a virtual room of the most positive people we could find.
We were delighted to be joined by keynote speaker Ed Gillespie, a climate-positive adventurer, environmental entrepreneur, Director of Greenpeace UK, futurist, and author of Only Planet: A Flight-Free Adventure around the World. He wowed the audience with his insights into the art of the possible for moving towards a zero-carbon future, covering aspects of art, environment and business.
Our CEO, Alistair Macpherson, inspired the audience with an overview of PEC's work over the last year and with impressive impact statistics of how we have helped residents of Plymouth during this time.
Jenny Aryton, from Art and Energy, spoke passionately about the empowering role of art to create a zero carbon energy system, including the awesome work we are doing as part of our Moths to a Flame project.
Paul Hardman, from the Sustainable Earth Institute, and Chris Woodfield, revealed how organisations can benefit from their Low Carbon Devon Project, providing practical support to enterprises.
We all believe change is coming, and there are many reasons to be optimistic about the zero carbon mission, we just need to be both creative and innovative to make it happen. If you missed the event, you can watch it back here.