The Community Energy Fund
The Low Carbon Hub Community Energy Fund is aiming to raise £3 million of equity by the end of 2021, with a target of £1.5 million in this first round closing on 31 March 2021. This will enable them to pursue a range of opportunities to strengthen and grow its portfolio of community energy projects.
- Earn up to 5% interest on your investment
- Help fund more community energy projects across Oxfordshire
- Keep money in the local economy through community ownership
- Support local action to tackle the global climate crisis
- 100% of surpluses support further local action on climate change
Low Carbon Hub is thrilled to have already raised over £3 million into the Community Energy Fund. This money is being put to work to support community energy projects across Oxfordshire, for instance allowing them to buy out Oxford City Council’s short-term debt in the existing solar 2016 portfolio, bringing it into community ownership, as well as supporting the new projects pipeline, providing the long-term capital to fund solar PV arrays at Sonning Common Primary School, Longfields Primary and Nursery School, and more.
By investing in the Low Carbon Hub, you will help to:
Grow its portfolio of renewable energy generation projects:
1) Developing ground mount solar PV sites
Planning permission has been secured for Ray Valley Solar, a 19 MW ground mount solar park, near Arncott, three miles south east of Bicester. Permission has also been obtained for significant battery storage on site. They plan to:
- Build the largest community-owned solar park in the UK
- Generate 18 GWh of clean green electricity every year, enough to power over 5,000 homes
- Keep £2.6 million worth of energy spend in the local economy each year
- Provide £13 million community benefit funding over the project lifetime.
The solar park will provide an important ‘anchor generation load’ for Project Local Energy Oxfordshire (LEO). The collaborative partnership is one of the most ambitious, wide ranging innovative and holistic smart grid trials ever conducted in the UK. It is an incredible opportunity to fundamentally change the way the UK energy system works.
2) Growing the portfolio of rooftop solar PV arrays
The Low Carbon Hub continues to seek out ways to install roof-mounted solar PV arrays on buildings across Oxfordshire.
The Community Energy Fund was set up in 2018 to offer investors a more flexible way to invest. Since its inception, it has raised over £3 million, bringing the total amount invested by their thousand strong membership to over £7 million. Together, they are supporting over 40 community energy projects across Oxfordshire.