Solar farm plan reaches investment of nearly £60,000
A share offer to transfer a successful Shropshire solar farm into community ownership – and help generate millions of pounds to fund local projects – has already raised nearly £60,000.
Community Benefit Society Shropshire and Telford Community Energy (STCE) formally launched the offer for Twemlows solar farm at a special event next to the site near Whitchurch last week and the offer has already attracted 24 investors and raised £57,170.
The share offer will enable local people who care about climate change to put their money to work to tackle the issue directly, earn a fair return on their investment, and greatly increase the solar farm’s economic contribution to the local area.
STCE is one of five community energy groups from across England and Wales to have joined forces under the Community Energy Together banner to launch share offers for a total of seven operational solar farms in the first scheme of its kind in the UK.
Twemlows has been operating successfully since 2016. It is a 10MW solar farm which can power the equivalent of 3,400 homes, helping save more than 4,000 tonnes of carbon dioxide a year and which has generated nearly £100,000 of community funding to date.