Mongoose Energy secures financing for 15MW community solar battery

Mongoose Energy has secured financing for what it claims is the UK’s biggest community energy project. The 14.7MW solar and battery farm in Stratford-Upon-Avon in Warwickshire is expected to generate […]

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By Priyanka Shrestha

Mongoose Energy has secured financing for what it claims is the UK’s biggest community energy project.

The 14.7MW solar and battery farm in Stratford-Upon-Avon in Warwickshire is expected to generate enough electricity to power around 4,500 UK homes.

It has been designed, built and will be maintained by Anesco and is expected to deliver £4.8 million in local community benefits over the project’s 20-year lifetime.

This project takes Mongoose Energy’s total solar assets under management to more than 80MW – more than half of the total community-owned renewable assets in England and Wales.

Its community energy portfolio can generate enough electricity to power 22,000 homes.

Mark Kenber, Chief Executive of Mongoose Energy said: “Our ability to raise finance for a project of this size shows community energy is alive and kicking in the UK, driven by people’s desire to make greener choices about their investments and their energy supply. Our new crowdfunding platform is also helping make personal investments in clean energy easier, more profitable and more democratic.”

Earlier this month, the government launched the first phase of a £246 million battery challenge and set out plans with Ofgem to encourage people to generate, store and use their own energy.