Residents in south Cumbria have another opportunity to invest in a community-owned renewable energy scheme. Burneside Community Energy has already raised £250,000 from local shareholders to install 250kW of solar PV on the roof of paper manufacturer James Cropper’s factory. Now the group aims to raise a further £330,000 for a second installation, again in partnership with the Kendal-based firm. Organisers say the shares, which will be £1 with a minimum investment of £250, will generate annual interest of over 4.5 per cent. Gill Fenna, director of Burneside Community Energy, said: “On the back of the over-performance of the first phase of our installation, which was commissioned nearly three years ago, we were encouraged to go for this second phase.
In Cumbria 24th Oct 2018 read more »