In 2015, Burneside Community Energy successfully raised half a million pounds from local shareholders to install 250kW of solar PV on the roof of James Cropper plc. That system has been running above expectation and as a community benefit society, to date the organisation has earmarked £5,000 for local projects.
The organisation have just launched their second installation of solar PV, again in partnership with James Cropper plc. They aim to raise £330,000, by offering further shares, which they anticipate will generate annual interest of over 4.5%. The share offer, which launched on Wednesday 24th October, and will close when the target is met, or on Friday 21st November, which ever is the earlier.
In addition to being an attractive investment opportunity, the scheme reduces CO2 emissions and generates vital funds to support local projects.