Community energy group raises £130k for solar in 13 days

A community energy group has raised £130,000 in just 13 days to install solar panels in Brighton. Last year the Brighton Energy Co-op brought in £240,000 to pay for solar […]

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A community energy group has raised £130,000 in just 13 days to install solar panels in Brighton.

Last year the Brighton Energy Co-op brought in £240,000 to pay for solar panels at three sites in the city. This time round their target is £600,000.

The money will be spent installing 2,000 solar panels at two new sites in Shoreham Port as well as adding extra panels to three existing projects.

Investors can chip in anywhere between £300 and £20,000 and are projected to get a 5% return according to the co-operative.

The group is aiming to raise £232,000 by the end of November to get going on the first of the Shoreham Port projects.