Kent Community Energy (KCE) has launched an offer from the community share to encourage the locals to invest in a 400kW Solar Port Folio in community spaces in Kent.
The supply offer is intended to collect £ 400,000 to support the installation of solar panels on buildings such as care centers, colleges and the Romney, Hythe & Dymchurch Railway. Organizations participating in the installations can expect their energy bills to be reduced by 25%and the emissions with 150 tons of carbon dioxide per year, according to ETHEX, reduced an ethical investment platform based in the UK on which the investment will be coordinated.
Members of the community will be able to invest only £ 100 in the project, with a goal return of 6% per year, and the investments will be open until October 31, 2025, or until the total amount has been increased.
The installations will participate in the SittingBourne Solar Project in KCE’s portfolio; Taken by KCE in 2023, this is a 5MW site in the float, and KCE expects to invest another £ 150 million in the farm to improve biodiversity.
The site borders another community solar project, the Orchard Solar Farm, owned by Orchard Community Energy, and the growth of KCE’s work in the region points to the growing interest in the community sector in the UK.
Last week, British energy supplier E.ON launched a new pilot project on a school roof in East Londs, with an annual generation of 100 MWh, With surplus electricity that is generated to be assigned to nearby houses with a disconneting foot.
In the meantime, the largest energy supplier of the UK Octopus Energy ‘The Collective’, launched An investment platform with which consumers can buy shares of a renewable energy projectEarlier this year.
In April Dr. Mary Gillie, founder and director of Community Energy Program Energy Local, with Parliament and insisted on the more widespread acceptance of energy programs for local communities, which can effectively match fluctuations in local energy demand, to improve the financial resilience of the British energy mix as a whole.
“If we use that mechanism to balance our electricity system – not entirely in any way – but do as much as possible to encourage people in the right behavior to match their demand to the local generation, hopefully reducing our dependence on gas and global prices, which will reduce volatility in our market,” Gillie said.
