Update: 27.07.2018 - Extension of offer
Below is a copy of a letter from the Harborough Solar One team explaining the reason for the extension and impact on the remainder of the investment offer.
Recent share offer
Firstly I would like to thank you for your recent investment in Harborough Energy’s Harborough Solar One, Project 2 share offer.
We are really pleased with how this share offer has progressed, however we are currently 43% short of our maximum target. Following conversations between the Directors and Ethex we have decided that in order to make the most of this opportunity we would like to extend the share offer by 1 week.
We have checked the figures based on a slightly lower Feed in Tariff rate and the effect on the Community Benefit is marginally reduced (1.5% lower assuming we are able to reach the full target amount, plea\se note: a shortfall in the total investment raised would reduce the community benefit further but the project is already viable), we will be able to retain the projected 4% return to investors, and our timescales for payments will not be effected significantly by this small extension. Installation will be completed in October (our installers are ready – they know that we have passed our minimum investment). We feel that it is worth extending in order to make the most of the site we have available to us.
Due to this change, you do have the option to reconsider your investment with us given that there are some new conditions.
We look forward to installing our second project soon, and we will be in touch soon to confirm the finished project.
Directors of the Harborough Solar One team.