It’s going to be sunny in the south of England near Oxford for solar energy, as the Westmill Solar Cooperative announced the launch of the biggest community-owned solar park in the world
The Westmill solar park occupies 30 acres of land near the border of Wiltshire and Oxfordshire. It consists of 20,260 solar photovoltaic (PV) panels and will generate an estimated 4.8 GWhr of electricity on an annual basis.
According to the Westmill Solar Cooperative, the new solar farm will power 1,500 homes over the next 24 years. It will also prevent 2,000 tons of carbon dioxide emissions every year.
Private investors built the £16.5 million solar project. In November 1, they sold it to the community-owned Westmill Solar Cooperative for £6 million. The cooperate raised the money by offering shares to 1,650 investors. Investec Bank financed the balance of the funding.
According to the Cooperative, over half of Westmill members live within 40 km of the new solar energy project. Ordinary people will be able to produce clean, renewable, and sustainable electrical power on their rooftops and at a utility scale.
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