Four community-run solar enterprises have diverted more than £100,000 to ‘coronavirus crisis funds’, Communities for Renewables (CfR) has revealed. West Sussex’s Ferry Farm Community Solar and Somerset’s Burnham and Weston Energy CIC have each pumped £40,000 into community initiatives that include food banks, Covid-19 support groups, and efforts to provide schoolchildren access to digital libraries. Meanwhile, Buckinghamshire’s Gawcott Solar CIC has mobilised £14,000, and Wiltshire Wildlife Community Energy has also allocated an undisclosed amount to local food banks. The news comes just days after the Point and Sandwick Trust, which operates the Beinn Ghrideag wind farm on the Isle of Lewis in the Outer Hebrides, announced it too was diverting funds to help support pandemic response efforts across the islands.
Business Green 6th April 2020 read more »
Ferry Farm Community Solar has completed a £5.5 million transaction to bring a solar array into full community ownership. The 5MW solar array has been operating since 2016, with the transaction funded by a loan from Leapfrog Bridge Finance. A further opportunity for the community to invest in the enterprise is set to come later in the year, Ferry Farm said. The transaction has been a long time coming, taking six months to get through the financial process and “several months of negotiations prior to that”, Community for Renewables’ (CfR) Tom Cosgrove explained.
Solar Power Portal 6th April 2020 read more »