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Crowdfunders get behind solar projects

UK crowdfunding platform Abundance Generation is offering investment opportunities in solar projects at schools, reNews has reported.

The Engynious project, which has already installed 21 PV systems with 800kW operational at 19 institutions, earns revenues from the government’s feed-in tariff scheme and provides schools with a 30% discount on electricity costs.

People can invest as little as £5 for an effective rate of return fixed at 6.7% (7% with Early Bird bonus) paid twice yearly over the 19-year term. Holdings can be sold earlier to other people through the Abundance website.

Schools participating in the scheme do not pay anything for the panels or their ongoing operation.

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