Renewable energy generation
The Low Carbon Hub Community Energy Fund is aiming to raise £1.5 million of equity in this round, and £3 million by the end of 2021, to pursue a range of opportunities that will enable it to strengthen and grow its portfolio of community energy projects.
Through the support of over a thousand investors, the Low Carbon Hub has already developed 47 renewable energy installations, which generate 4.5 GWh of green electricity per year, enough to power 1,465 homes and save 1,259 tonnes of CO2 each year.
The Low Carbon Hub plan to significantly increase their capacity to produce clean electricity. They have secured the opportunity to build a 19 MW ground mount solar park, Ray Valley Solar, which will be the UK’s largest community-owned solar park, this will result in a five-fold increase in the Low Carbon Hub’s annual green electricity production.
The project is estimated produce enough electricity to power over 6,000 homes and save 4,200 tonnes of CO2 annually.