Community Energy Warwickshire is more than half way to its target of raising £100,000 by 21 November in order to install a substantial array of solar panels at local hospitals ahead of the Government’s 12 December cut-off date. And with just a week to go, the south Warwickshire energy co-operative is hoping that further subscriptions for its shares will carry it to the full target.
The revised target was set by Community Energy Warwickshire following the Government’s announcement on 31 October that feed-in tariff rates for solar panels would be cut by more than half from 12 December. The announcement came just one week after Community Energy Warwickshire had launched its offer of community shares to install up to 70 kWp of solar panels on roofs at Warwick and Stratford upon Avon Hospitals.
“The response to our appeal for funding has been fantastic,” said Chair Keith Sinfield. “We had originally planned to raise the money during 2011 and complete the installations in the first two months of 2012. The Government’s announcement has meant bringing forward the deadlines for both fundraising and installation.”
Full details of Community Energy Warwickshire’s plans and of the share offer are available on its website. And shares subscriptions can be made on line as well as by post.