It was clearly outlined in the share offer document that there was uncertainty about the final number of installs that were achievable, for a variety of reasons. Chase Community Solar have now reduced their estimate of the likely maximum number of properties which are suitable for PV installations from 400 to 300. This means that the maximum share raise has been altered from £950,000 to £750,000
In part this is because the grid operator, Western Power Distribution, has declined permission to connect on around 50 properties - because the connections to the grid do not have sufficient capacity - and partly because it has become clear that some of the bungalows originally identified as having the potential for PV have vents or other intrusions on their roofs which will make installation impractical.
Chase Community Solar will of course seek to maximise the number of PV systems but they will not know the final numbers until the installers have carried out the roof surveys and tenants have been consulted on whether they wish to have the system installed.
The above does not affect the projected return on your investment.