PEC Homes

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' ninth AGM was an online meeting, where only the formal business was held.

Lee Richards (Chair) opened the meeting and conducted the formal proceedings. The Directors' report and audited Financial Statements for the year ended 30th June 2022 were received and adopted. The auditors, Bromhead Chartered Accountants, were re-appointed as the auditors of the company for the year to 30th June 2023, and the Board were authorised to set their remuneration.

As per the rules of PEC Renewables, one third of Directors must stand down. Ian Johnston, the representative of organisational members, Plymouth Community Homes stood down, however Ian stood for re-election. The candidate confirmed as Director was:

  • Ian Johnston (as representative of Plymouth Community Homes)

Both resolutions, proposed by the Directors regarding interest payments, were passed:

  • To approve the 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). A total of 141 votes had been cast, 98% for and 2% against.


  • To approve 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) – A total of 141 votes had been cast, 99% for and 1% against.

There were no questions.

Thank you to everyone who was able to attend our virtual AGM. If you missed it, you can access the recording of the meeting by clicking here.