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Gawcott Fields - OFFER CLOSED

What they do

Gawcott Fields Community Solar Project is a Community Interest Company (CIC) that has been established to fund and operate a community solar farm at Gawcott Fields Farm between the village of Gawcott and Buckingham.

The project

The Gawcott Fields Community Solar Farm is made up of over 16,000 panels with a total installed capacity of 4.17MW. It is up and running and has been generating electricity and income since June 2016. It is expected to generate around 4,100MWh of renewable electricity each year, enough to power around 1,000 homes.

Gawcott Fields community solar farm is one of two solar farms developed at Gawcott Fields farm between the village of Gawcott and the town of Buckingham. Construction of the first solar farm, which is owned by the Landowner, was completed in December 2015. The Landowners (a local farming family) agreed that the second solar farm should be financed and operated as a community project for the benefit of the local community.

The construction of the solar farm was funded by a loan from Pfalzsolar. All other costs have been funded by the Landowner. The intention is to repay the Pfalzsolar construction loan and costs funded by the landowner through the capital raised from a long-term project finance loan from Santander Bank and this Offer, which enables people and organisations in the Local and wider community to get involved and share the benefits of the income generated by the solar farm.

About Gawcott Fields CIC

Gawcott Fields CIC has been set up with the support of Communities for Renewables CIC (CfR), a specialist community energy advisory company that is itself a Community Interest Company.

Gawcott Fields CIC operates primarily to benefit the Local Community through generating low carbon electricity and income to help fund local community organisations and projects, including energy and fuel poverty initiatives.

 

Read more about Gawcott Fields in the MyGreenPod article

Read the article feature in MyGreenPod on the 2nd of December 2016 here

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