NEP are proud to be behind Nottinghamshire’s first community owned solar farm
Based in Rushcliffe, the 5 megawatt community solar farm brings the following benefits to the local community:
- The opportunity to earn up to 7% on an ethical investment
- It supports the local community by generating £20k (surplus profits) every year to local carbon reduction or renewable community projects
- It provides 1,150 local homes with clean green energy
Visit the NCE website for all the latest news.
In 2020 there should be another opportunity to invest and become a share holder in the solar farm. Please submit your details and we will add you to our NCE newsletter list, which will keep you informed.
NEP’s Philip Angus and Miranda Cumberbatch sit on the Nottinghamshire Community Energy board. They were approached by Mongoose Energy in 2014 to advise on the best location within Nottinghamshire for the 5 MW site, which ended up being at Langar Lane, Colston Bassett, Rushcliffe.
Nottinghamshire Community Energy Ltd (NCE) owns the 5 Mega Watt project, which is predicted to generate up to £1 million for the local community over the next 25 years and funds will be reinvested in community projects across the County.
Criteria for eligible projects are likely to include wildlife conservation, energy efficiency and renewable energy.
NCE is a Community Benefit Society set up to deliver community-owned renewable energy, low carbon energy and energy efficiency projects. They are registered with the Financial Conduct Authority.
The Local Authority run Nottinghamshire Pension Fund has already provided £1.5 million of long term funding to the project.
Phil Angus, Chair of Nottinghamshire Community Energy, said:
“As a community-owned asset, this will provide a valuable income that can be reinvested in the local community. The project will provide local renewable energy generation that reduces the impact of climate change and improves our energy security.”