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Warrington Borough Council raised £1 million to help fund the next steps on its innovative green energy strategy. The funding was put towards the development of a 20MW ground mounted solar system with the addition of 40MW of battery storage located in Cirencester, Gloucestershire.
The council has already made significant investments in green energy development, halving its carbon emissions since 2009. This investment forms part of Warrington’s portfolio of energy investments — both in its area and around the UK. The aim of its investment strategy is to both generate green energy to tackle the climate crisis, and generate an income for the council to fund core services.
The investment generated local and national PR interest for the council. They also offered investors the option to donate their interest to fund the rollout of solar power & energy efficiency measures at the local disability action network. In all, 11% of investors chose to donate some or all of their first investment payment towards this cause.
We are keen to work with like-minded companies and public sector organisations who want to engage people through a direct investment offer.
CONTACT USCorporate Clients should consider all risks before raising capital through Abundance and take independent advice where necessary. As with any investment product there are risks. For any financing raised, part or all of the investor's invested capital may be at risk and any return on their investment depends on the success of the project invested in. Abundance investments may not be readily realisable (and their value can rise or fall). Financing may be secured or unsecured. Estimated rates of return can be variable and estimates are no guarantee of actual return. Specific risks will apply in relation to each financing product.
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