The Ray Valley Solar project in Oxford is expected to come online next autumn, after Triodos Bank confirmed lending for what is expected to be the UK’s largest community-owned solar park. Ray Valley Solar will be located near Arncott in the northeast of Oxford. The project will have a total installed capacity of 19.2MWp once complete and will aim to generate enough electricity to power over 6,000 homes annually. Triodos bank has confirmed funding for the project, which has received additional financial support from Oxford City Council and grant funding from Project LEO (Local Energy Oxfordshire). The park is owned by social enterprise firm Low Carbon Hub, which believes that surplus energy produced from Ray Valley Solar will create more than £10m of community benefit funding over the project’s lifetime. The money will be spent on local initiatives that reduce energy demand across Oxfordshire.
Edie 19th May 2021 read more »