Bristol opens first community solar farm
Bristol, the European Green Capital of the year, has opened its first-ever community-owned solar farm, writes Edie.net.
Moorhouse Solar Farm will deliver 1,780 MWh of renewable electricity into the grid each year – enough to power around 430 homes each year – and save 850 tonnes of CO2 a year.
The 1.8MW installation park was built by local company Solarsense and funded by Low Carbon Gordano, a co-operative whose purpose is to help the local community to reduce energy costs and become more sustainable.
The financing arrangement means that every community investor receives a return of 4% per annum. The scheme has been so successful that Low Carbon Gordano and Solarsense have already identified a second smaller site for another solar projec.