Superb story this, and congratulations to our friends at PPS and Abundance. It also demonstrates the boost that local authorities can give by taking a leading role on community energy projects, in a similarly fashion to the pro-active stances shown by Plymouth and Bristol councils.
It is also heartening to see the continuing success of bond issues in the post-EIS share offer world. To my mind, this shows us (and the Conservative government) that the public's interest in community renewables was not all about HNW individuals looking for a tax efficient investment, but reached a wider audience, with people's investment being holistic rather than purely financial.
Having said that, finding a 7 or 8% return isn't a sure thing these days, so it makes financial sense too and the peer to peer ISA opportunity creates a much slicker route to crowd funds for well-planned projects. Credit to Swindon for showing the way.
Funding for a new solar farm in Swindon has moved closer after bonds issued by Abundance and Swindon Borough Council sold out a month early. Swindon Community Solar Farm is said to be the UK's first solar farm funded jointly by a borough council and bonds sold directly to members of the public. The bond offer, structured by leading peer-to-peer investment platform Abundance, opened on 24 February 2016 and closed on 31 May, a month earlier than scheduled, after reaching its £1.8m target.