Brighton will benefit from first community-funded solar panels project

by Sara Pernas

Brighton is set to be the first community-funded domestic solar under Abundance Generation and Padero South Downs innovative project, that allows anyone to invest directly in renewable energy projects in the UK with a minimum £5.

The idea of the project is providing investors with an expected return of 6-7.8% over the next 20 years through the Feed-in Tariff scheme. The website provides a direct connection with the projects customers invest in, and contains live information about the energy generated, the weather at the site and the expected return the investors are earning.

Abundance – How it works from Abundance on Vimeo.

Abundance and Padero South Downs have raised enough funds from its community debenture to carry out its first round of solar panel installations in Brighton, that is committed to spending a minimum of £500,000 on installing solar arrays across many homes in the city and the surrounding area.

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