Energy funding pot set up for homes and businesses

PUBLISHED: 09:13 08 August 2018

Burnham and Weston Energy have launched a community bond scheme. Picture: Burnham and Weston Energy CIC

Burnham and Weston Energy have launched a community bond scheme. Picture: Burnham and Weston Energy CIC

Archant

One of the largest solar farms in the UK has launched a community bond scheme.

Burnham and Weston Energy is encouraging people to generate their own green energy and create a multi-million funding pot.

Investing £200, which equates to the cost of two of the Wick Farm’s 36,000 solar panels, people and organisations will be able to have a say on how the company is run.

The investment will pay five per cent interest a year, rising every year with inflation, and is available on the Triodos Crowdfunding website.

MORE: Millions of pounds to be distributed by solar power farm for the next 25 years.

The company expects to generate around £3million of surplus income over the next 23 years which will be used to support community projects and help people struggling with energy debt and fuel poverty.

To invest, log on to www.triodoscrowdfunding.co.uk/invest/burnham-weston-energy-cic

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