Rossendale Valley Energy Solar

Your chance to back community owned solar in Rossendale

Rossendale Valley Energy - Community Owned Solar

We have launched an ambitious new solar project in Rossendale – RVE Solar.

RVE Solar offers local residents the opportunity to invest and own a piece of a major renewable energy initiative in Rossendale.

RVE Solar aims to raise £350,000 to install a rooftop solar photovoltaic (PV) array at the Interfloor factory in Haslingden.

Read on for more information and download our RVE Solar Community Share Offer 2025 and the RVE Solar Business plan April 2025.

Invest from £100 up to £35,000

Investors can purchase shares from as little as £100, up to a maximum of £35,000, with a target annual interest rate of 6%.
RVE Solar with solar panels at Interfloor in Haslingden

This range makes the offer accessible to a wide range of residents of Rossendale – and beyond. The project is the result of a 25 year agreement between Interfloor and RVE, with a 20-year repayment plan for share capital.

The 882-panel solar array is set to generate an estimated 368MWh of clean energy annually, with around 85% of the electricity used on-site by Interfloor, costing them less than their normal energy costs. This sustainable model not only helps the business reduce reliance on fossil fuels but also offers substantial environmental and financial benefits to the local community.

“As a Community Benefit Society, we are committed to delivering sustainable energy solutions while reinvesting in our local community.”

“This project is a fantastic opportunity for individuals and businesses to take part in the green energy transition, all while receiving a fair return on their investment.”

“This is the first of many opportunities to buy into a non-profit solar scheme which will benefit the community”

Sustainable energy

Interfloor’s Managing Director, Gary McEwan, said:

“Partnering with RVE on this solar project aligns perfectly with our sustainability goals.”

“It’s a great opportunity to not only reduce our energy costs but also make a positive contribution to the environment and the local community. We’re proud to be part of such an impactful initiative.”

In addition to generating renewable energy, the project is expected to contribute a minimum of £2,000 annually to support RVE’s wider initiatives, including community energy advice and low-carbon heating solutions. Over the lifespan of the project, contributions to the local community are expected to reach £250,000, subject to financial performance.

Members benefit

We have a target annual interest rate of 6% for members who invest.

The solar array will be owned and maintained by RVE for its members, with a lease and Power Purchase Agreement (PPA) already agreed with Interfloor. This long-term partnership supports Interfloor’s sustainability goals, providing a cost-effective energy solution and demonstrating its commitment to local economic and environmental initiatives. a target annual interest rate of 6%.

Interfloor, Europe’s largest manufacturer of carpet underlays, has been an integral of the Lancashire business community for nearly a century. This partnership with RVE marks another step towards their sustainability objectives, all while benefiting the local economy and the environment.

  • Shares will be allocated on a first-come, first-served basis, with refunds issued if applications exceed the target amount.
  • The community share offer opened on 28 April 2025, and will remain open until 31 July 2025 or until the target is met.
  • The share raise is being managed by Sharenergy on our behalf.
  • Rossendale Valley Energy Limited is listed in the Financial Conduct Authority Public Register, registration Number 8956.
  • View RVE policy page – RVE policies.
  • Your capital is at risk when you invest, so never risk more than you can afford to lose. If you are in any doubt you should consult a financial adviser.