- Pec In Action /
- Our Second Solar Share Offer
Our Second Solar Share Offer
In 2015, our second solar share offer raised £850,000 and allowed us to build 10 more roofs across the city.
This included our largest on the iconic Plymouth Life Centre and smallest on the essential Shekinah Mission.
We launched our second solar share offer in February 2015 and once again, anyone over 16 years old could purchase community shares; the minimum investment was £50 and the target interest was 6%.
We were again fortunate to have the backing of Plymouth City Council, and funds raised from this Share Offer were supplemented by a £500,000 loan facility from them.
Our second share offer closed in May 2015 at £850,000.
This amazing result has funded solar PV roofs on more of Plymouth’s schools and local businesses, including the iconic Plymouth Life Centre. Installation is now complete on:
- Mayflower Community Academy
- Marine Academy Primary School
- Marine Academy Secondary School
- Plymouth Life Centre
- Hele’s School
- Compton Church of England Primary School
- Tor Bridge High
- Shekinah Mission
- Plymouth Science Park (Scott & Raleigh Buildings)
- Proweld UK
The solar installations help reduce energy bills for the host building, provide great educational benefits and the surplus funds will be transferred to Plymouth Energy Community to continue to tackle the challenges of energy costs, fuel poverty and climate change.
Combined with our 2014 solar roofs, we are already saving host schools and organisations a whooping £90,000 per year.