Just a few short weeks ago we launched our tax efficient bond offer on the Ethex platform to fund the development of the Whiteborough Solar Park. We are delighted to report that over 200 investors have leapt in and got us over the 100% mark already! The bond offer will run until the middle of September, unless fully funded up before then to our stretch target of £1.8m – so if you were thinking of getting yourself some bonds that can be IF ISA wrapped, now is the time…
Situated on the site of an old open-cast coal mine in Nottinghamshire, the 3.5 MW solar array will use solar panels that have been repurposed from another site. Instead of sending them to landfill, the panels will see many more years of productive life. Lots more detail about the Whiteborough project is now up on our website.
The rolling share offer is still open and investors can choose shares or bonds – whichever suits them best. Both types of investment will have a significant impact on advancing community solar in the UK through the Big Solar Co-op. Jon Hallé (Big Solar Co-op CEO) has been running regular investment focussed webinars that go into further details about both offers, click the video below to watch the latest edition:
Rooftop keeps rolling
Our first focus – rooftops – still keeps us very busy.
There are now 12 rooftop solar installations collectively owned by Big Solar Co-op members and altogether they are generating over 6 whopping megawatt hours most days now. We were pleased to see the Live Solar Monitor tip over the 1000MWh (megawatt hours) threshold recently meaning the impact of the clean energy produced by our solar panels is equivalent to:
☀️ Almost 400 houses’ electricity needs covered for 1 year
☀️ Around 3.3 million miles driven in an electric car
☀️ Enough gas-generated electricity pushed off the grid to save over 5000 tonnes of CO2 – that’s the annual carbon footprint of about 60 people!