We are currently planning to harness the energy from the sun with photovoltaic (PV) panels.
PV panels are a tried and tested technology, which produce predictable amounts of electricity. They are also very easy to install and the development risks tend to be much lower than other forms of renewable energy.
Where are the development sites?
All over the UK
How big are the installations?
They vary from domestic size roof mounted schemes on community buildings through to 5WM ground-mounted schemes which will provide electricity for over 1500 homes.
How can I find out more?
Join our mailing list and pre-register for shares. We will also make announcements through Facebook and Twitter.
How can I invest?
We will be publishing share and bond offers on this site. If you are interested in investing in the early stages of our projects, please let us know.
What do I get back?
Shares and bonds will both pay interest. Interest rates will be sufficiently competitive to attract the levels of capital we need to develop the sites.
How does the community benefit?
After interest has been paid to shareholders, any surplus will be invested in other community projects that will help to make the the surrounding areas more sustainable.
Do I get a say in how the profits are spent?
Yes. We are a co-operative; that means that you are entitled to vote at AGM and put your name forward for election onto the strategic management board. The strategic management board determines which projects to support.
How do the projects benefit the local environment?
We want to maximise the environmental benefits of our sites. We are working closely with ecologists to assess the ecological value of the sites and take any measures to increase the biodiversity of the sites.
What is lifespan of a solar panels, when do you have to replace them?
The panels themselves last well over 40 years. However, after 25 years their efficiency declines more rapidly. The project has a planned lifetime of 25 years, at which point the site will either be decommissioned or repowered.
Who buys the electricity?
Most electricity companies offer guaranteed purchase agreements for renewable energy. In addition to this, it is possible to set up purchase agreements with primary users. We are exploring both options.
What are the costs and benefits of solar v. wind v. tidal?
This is a very complex discussion as each technology has its own merits and downsides too. On the whole, we think that photovoltaic panels are a comparatively low risk development opportunity which lends itself well to community shares issues.