PUNL are in advanced discussions with Camden Council to get solar on at least two schools in the borough. This would be their largest project to date – installing up to a total of 250 Kw generating capacity. An estimated 80% of the electricity will be used by the schools, with the remainder exported to the grid.
The project will make good financial sense for PUNL and for shareholders. By bundling the scheme into one agreement, we are able to keep our legal costs down, and because these are larger installations and the schools themselves are large users we are able to realise some economies of scale.
It will be PUNL’s largest share offer yet – and will need to raise between £70,000-£100,000. The share offer should be launched in December, so what about buying friends and family members a really novel, climate friendly present – shares in community energy?
To find out more: email Power Up North London and they will get in touch when the offer goes live.