Harborough Solar One
PLEASE NOTE THIS SHARE OFFER IS CLOSED – PROJECT IS OPERATIONAL.
The Harborough Solar One project shows how everyone can benefit from community owned solar schemes. It offers an income to investors, the building owners on which the panels are installed and the wider community who will benefit from a 20 year fund to help fight fuel poverty.
The project was launched on Monday 12th October 2015 and was put together by Harborough Energy (as a Community Benefit Society under these rules).
The original project was based around the installation of around 668 solar panels at two sites in the town: the Robert Smyth Academy on Burnmill Road and Archway House Natural Health Centre on Lubenham Hill. Located on the roof of each building, the combined 160kW installation would have produced an output of over 142,000 kWh each year.
We raised the required capital but Robert Smyth were unable to proceed, so we had to put the installation on hold (the interim statement to investors around this is here).
Fortunately, we were able to retain most of our community investors and found an alternative project based around Woodnewton Academy and Archway House. This new project was evaluated, agreed with our investors and 68kW of solar power was installed successfully in August 2016, as described rather eloquently in this news article.
Note: The daily variations of output are due to the daily sunshine, which is very variable in the UK. Very occasionally the equipment fails and there is zero output, in which case monitoring supervision is alerted for rapid repair.
If you have any questions about this project or would like to discuss other projects you can email us via: [email protected]