I’m really proud of our town, Lewes in East Sussex, which is going to build Britain’s first community-owned solar power station, to be installed this summer.
The plan is to put 544 solar panels on the roof of Harveys Brewery warehouse, which will generate 98 kilowatts peak, roughly 92,000 kilowatt hours of green electricity a year.
The total cost of the installation is £307,000 and Ovesco is seeking investment in shares from £250 to £20,000. We now have over a third of the money pledged. If we are able to raise the full amount through investment, the projected return on investment is 4%, after two years. We also expect to be able to start paying back capital to investors after two years. Any surplus money will be carried forward to the next project.
If you would like to make a pledge to invest, please fill in the form on the website www.ovesco.co.uk, or call 0800 458 9045.