Co-operative’s £90,000 solar investment for Bristol
Bristol Energy Co-operative’s has launched a new £90,000 community share issue to fund solar installations throughout Bristol.
Members of the community have the opportunity to invest a minimum of £50; the power generated in addition to (now reduced) Feed-in-Tariff incentives should generate returns of up to 4%/year. Best act quickly though, the share issue ends May 18.
The investment opportunity is supported by the Co-operative Group’s Enterprise Hub. A Co-op spokeperson told BusinessGreen the organisation was confident that community co-operatives could “provide a catalyst for renewables across the whole of the UK”.
He continued: “The whole hub service is free and we can provide the expertise people need to set up successful co-operatives [...] We want more community energy groups to step forward”.
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