BWRL, the developer of this solar farm wants the local community to have the opportunity to invest in the proposed development and share in its success. To achieve this aim it is partnering with Hampshire Renewable Energy Co-operative (HREC) to promote community investment in the Bishop’s Waltham Solar Farm project.
HREC and BWRL have agreed that, should planning permission be granted and the project proceed to construction, up to 10% of the investment in the proposed solar farm will be offered to local people as a potential investment. HREC have agreed to co-ordinate that investment on behalf of local people and will undertake all the legal work and issue a prospectus detailing the terms of the investment opportunity. The investment will be offered once the solar farm is commissioned and producing electricity, which could be as early as Spring 2016.
Depending on the size of the final development we would expect there to be an opportunity to invest between £500,000 and £1,000,000 in return for a prorated share of the income from the scheme. We would want to encourage as many investors as possible and we would expect the average investment to be between £1,000 and £10,000.
Initially the opportunity to invest will be restricted to residents of Bishop’s Waltham and Shedfield, giving you priority to invest in the scheme.
If you are interested in receiving more information please register your interest and we will communicate with you further nearer the time of the proposed offering, which we anticipate will be in early 2016.
The site is approximately 64 acres in size and is located west of the B2177 Winchester Road, between Bishop’s Waltham and Waltham Chase.
The planning application is for a 12MW solar farm, which would generate enough renewable electricity to power the equivalent of 3,636 average households . It would save around 5,160 tonnes of CO2 annually  and make an important contribution to local and national renewable energy targets.
Local support is important
If you have a SO32 postcode it is particularly important that you demonstrate support for this scheme, which has now been submitted to the planning authorities (Winchester City Council). On this next page you will find a simple automated method of supporting the project. Simply fill in your personal details and your voice of support will be added to the planning process.
Keep an eye out on our newsletters and blogs for further details and progress report for this project.
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Photo Credits: Solafields, Kate Ausburn