Published on August 2nd, 2012 | by Chelsea6
Invest a Few Pounds for a Piece of a Solar Farm
You don’t have to be a millionaire to put your money to work and feel good about your investments, because now average-Joe investors have a chance to get in on a rooftop solar project in the South Downs for as little as £5. Instead of that cup of coffee or other impulse buy, a few pounds gets you a chunk of renewable energy.
The crowd sourcing project allows for small-time investors to purchase a return of 5.7-8 percent of the project’s profits over 25 years.
Officials said that a minimum of £500,000 was needed to ensure that Padero Solar, the company installing the home panels, could begin installations.
This isn’t the first crowd-funded investment in the UK. A wind project initially went kaput after the German turbine supplier went belly-up, but that project has been restarted and needs about £130,000 to reach its minimum target.