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The Co-operative raised the balance of funding required in the form of a 23½-year senior debt bond. This was arranged with the
Lancashire County Council Pension Fund, in what was believed to be the first major funding by a local authority in community-owned energy infrastructure.
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The Co-operative invited members through a public share offer, launched in June 2012. Despite the tight timetable caused by the expiry date on the option, the issue was 50% over-subscribed, when it closed at the end of July. This raised £4m from c. 1,650 members.
87:
Westmill Solar Co-operative acquired the solar park in
October 2012, under an option agreement with the original developers. It raised the necessary finance through public and private share offers and a senior debt bond with a pension fund.
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An additional c. £2m was raised by a private placement of B-Shares, mainly from members who had subscribed to the original issue.
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The project was originally conceived by Adam Twine, the pioneer behind the neighbouring
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292:"Bid to create world's largest community solar farm reaches funding milestone"
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401:"Westmill solar co-op gets £12m backing from Lancashire council pension fund"
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Visitors at a
Westmill Solar Co-operative Open Day at Westmill Solar Park.
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261:"British Cooperative Launches World's Largest Community-Owned Solar Park"
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has over 21,000 solar panels and has been operational since July 2011.
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When acquired by the Co-operative, it was the largest community-owned
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Westmill Solar Park with part of
Westmill Wind Farm in the background.
112:/Oxfordshire border, just off the A420. The site adjoins that of the
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317:"Investors rush to get shares in community solar farm business"
370:"Lancashire invests pension fund into solar cooperative"
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Community electricity generation in the United
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345:. Westmill Solar Co-operative. Archived from
236:. Westmill Solar Co-operative. Archived from
57:, believed to be the largest community-owned
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1306:Pre-nationalisation electric power companies
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27:Photovoltaic power station in England
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399:Blackburne, Alex (8 February 2013).
533:Wadebridge Renewable Energy Network
368:Browne, Dominic (7 February 2013).
259:Bredenberg, Al (5 November 2011).
134:Co-operative membership and equity
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465:Solar power in the United Kingdom
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43:industrial and provident society
1281:Brighton Electric Light Company
290:Goodall, Chris (27 July 2012).
209:Westmill Woodland Burial Ground
204:Westmill Wind Farm Co-operative
114:Westmill Wind Farm Co-operative
71:Westmill Wind Farm Co-operative
1296:Hammond Electric Light Company
96:Westmill solar park is in the
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538:Westmill Solar Co-operative
214:List of energy cooperatives
39:Westmill Solar Co-operative
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1321:Western Power Distribution
128:photovoltaic power station
59:photovoltaic power station
1291:Expro International Group
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405:Blue & Green Tomorrow
77:. It has a capacity of 5
1347:Co-operatives in England
100:located on a site of 30
1070:Littlebrook A, B + C, D
628:Electricity generation
429:Westmill Solar website
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554:Cleve Hill solar farm
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753:Littlebrook A, B + C
502:Oxford Photovoltaics
1367:Energy cooperatives
349:on 10 December 2013
240:on 11 November 2013
92:Westmill Solar Park
47:Westmill Solar Park
18:Westmill Solar Park
632:South East England
507:PV Crystalox Solar
271:on 8 November 2012
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75:UK feed-in tariffs
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1301:UK Power Networks
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926:Incinerators
832:Humbly Grove
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378:the original
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347:the original
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321:Oxford Times
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296:The Guardian
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238:the original
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1199:Navitus Bay
1085:Richborough
1025:Dungeness C
1009:Dungeness B
1004:Dungeness A
912:Southampton
862:Storrington
783:Southampton
773:Richborough
547:Solar farms
497:Nur Energie
476:Solar power
410:28 February
384:28 February
353:28 February
327:28 February
301:28 February
275:28 February
244:28 February
51:Oxfordshire
1336:Categories
1148:Green Park
1080:Northfleet
1056:(co-fired)
1054:Kingsnorth
970:Portsmouth
897:Geothermal
768:Portsmouth
758:Northfleet
749:(co-fired)
747:Kingsnorth
742:Broomgrove
737:Eastbourne
728:(co-fired)
688:(co-fired)
686:Kingsnorth
682:(co-fired)
220:References
106:Watchfield
1075:Marchwood
960:Marchwood
852:Sevington
842:Marchwood
512:Sureserve
490:Companies
343:"Members"
265:Inhabitat
110:Wiltshire
108:, on the
1311:Seeboard
1286:Centrica
1248:Sandford
1183:Westmill
1119:Westmill
1114:Brighton
965:Newhaven
950:Chineham
878:Hastings
857:Shoreham
822:Didcot B
726:Didcot A
680:Didcot A
573:Category
374:LocalGov
163:See also
104:near to
1238:Reading
1173:Rampion
989:Nuclear
649:Biomass
585:Commons
65:Project
55:England
41:is the
1243:Romney
1221:Active
1178:Thanet
1141:Active
1107:Active
1060:Fawley
1047:Closed
997:Closed
975:Slough
938:Active
905:Active
883:Slough
871:Closed
847:Medway
805:Active
778:Slough
732:Earley
709:Closed
673:Closed
664:Slough
657:Active
1233:Osney
1213:Hydro
1099:Solar
1065:Grain
930:Waste
837:Hythe
827:Grain
812:Cowes
763:Osney
721:Cowes
102:acres
1133:Wind
701:Coal
412:2013
386:2013
355:2013
329:2013
303:2013
277:2013
246:2013
119:The
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797:Gas
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