Meadow Blue Community Energy

What they do

Please note that this offer is now closed (as of midnight on the 24th of November). This information is no longer updated and is for reference purposes only.

Meadow Blue Community Energy is a Community Benefit Society set up to deliver a community-owned ground-mounted solar farm and thereby fund projects that can benefit the local Sussex community.

The story so far

Meadow Blue Community Energy (MBCE) was established as a Community Benefit Society in 2015 as a result of conversations between Sussex-based energy groups, OVESCO and SOLESCO, and national community energy organisation, Mongoose Energy. Its purpose is to promote, develop & deliver community owned renewable energy, energy efficiency and energy supply projects across Sussex. MBCE anticipates that Merston Farm will be the first of many MBCE projects as the UK makes the transition towards renewable energy. MBCE’s focus is on reducing the impact of climate change and increasing energy security, whilst at the same time generating significant community benefit and supporting the local economy.

This share offer

This fundraise is for £640,000 that will enable Meadow Blue to build and operate a new 5MW solar farm at Merston Farm, near Chichester. This solar farm is expected to generate enough electricity to power 1,340 average UK homes and save more than 50,700 tonnes of CO2 over the 25-year lifetime of the programme.Meadow Blue have an agreed term sheet from Close Brothers, a leading UK merchant  banking group, for a bank loan and Meadow Blue are in advance negotiations with West Sussex Council for the balance required after this share offer.

The project has planning approval, a grid connection offer and has been registered with Ofgem so that income from the Feed in Tariff is guaranteed for 20 years at current rates. It will be one of the first ‘split site’ projects in the UK with another adjacent 5MW solar farm under private ownership sharing the grid connection.

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