A 14.7MW community-owned solar farm in Warwickshire has clinched a new refinancing package from ethical banking firm Triodos and Social and Sustainable Capital (SASC). The finance deal totals £16.3 million, combining senior loans of around £12 million from Triodos and junior loans of around £4.3 million from SASC. The 60,000 solar panel Heart of England Community Energy solar farm is co-located with 3MW of battery storage operated by Zenobe, allowing the site to generate clean energy and provide flexibility services to the grid. The new financing was undertaken to secure long-term, lower-cost finance for the solar project, with reduced loan repayments. Profits from the solar farm are used to support a fuel poverty advice service run by local charity Act on Energy, as well as a community grant fund.
Solar Power Portal 30th Oct 2019 read more »
Energy Live News 30th Oct 2019 read more »
A leading community-owned renewables project received a multi-million pound boost yesterday, with the announcement of a £16m investment in the Heart of England Community Energy solar farm in Warwickshire. The finance was provided by Triodos Bank UK, which invested senior loans totalling £12m, alongside Social and Sustainable Capital (SASC), which added junior loans worth £4.3m.
Business Green 31st Oct 2019 read more »
Although polls regularly indicate huge public support for solar power, the issue of installing potentially unsightly panels on historic structures is an emotive one. A study produced by academics from Sweden’s Uppsala University and architectural consultancy Gitter Consult AB has sought to establish when it is appropriate to install solar on historic buildings and how to do so with minimum visual impact. In the paper Target-based visibility assessment on building envelopes: Applications to PV and cultural-heritage values – published in Energy and Buildings and on the ScienceDirect website – the authors recommended solar installed on historic buildings should take into account shading, visibility and cultural-heritage values.
PV Magazine 30th Oct 2019 read more »