South East London Community Energy's Solar Share Offer

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South East London Community Energy's Solar Share Offer

Post by ALEO Admin » Tue Oct 20, 2015 9:32 am

South East London Community Energy (SELCE) has launched their first community share offer, to raise £250,000 in order to install solar panels on four schools in Lewisham and Greenwich.

With a Feed-in Tariff locked in for 20 years, as well as the sale of electricity to the schools, at a cheap rate, shareholders will be paid back at a target 4 per cent interest rate, nearly 2,000 tonnes of CO2 will be abated, schools will save an estimated £358,000 in electricity costs and £90,000 will be generated to tackle fuel poverty in South East London.

The share offer runs until midnight 11 November, 2015.

For more information, visit: http://selce.org.uk/

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