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


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.

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