A community solar energy project co-ordinated by Chesterfield Community Energy has awarded a portion of profits from the sale of power to a local charity. The Freedom Community Project provides support for people who are struggling with debt, dependency and related issues within North East Derbyshire and is one of the beneficiaries of the community solar project at Oxcroft, receiving its first payment of £1,500 from the scheme.
The 11.6 hectare solar site has exceeded its generation target during the first month of operation, raising millions in investment. The project is funded by a mixture of private and public investment, with members of the public able buy into the project through the purchase of bonds, which offer 5 percent gross returns, with the interest paid every six months for an initial three-year term.
“This donation is fantastic news for the charity and we’re grateful to Chesterfield Community Energy for selecting us as one of its beneficiaries of the project” said a spokesperson for the Freedom Community Project. “The ongoing funding will allow us to continue our vital services, which are a lifeline for local people.”
Adrian Pike, chairman of Chesterfield Community Energy, added that the Freedom Community Project is an example of a very worthy cause in Chesterfield and that community energy schemes can play a big part in local communities while helping to tackle climate change through the production of renewable energy.
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