Community group Repowering South London has announced its first project: Brixton Energy Solar 1.
The project will install several hundred square metres of solar panels on the roofs of the Loughborough Estate in Brixton, one the UK's most economically deprived areas.
Funding has been raised by a community Share Offer, providing a return to investors of up to 3% p.a. Local people and businesses have invested in the scheme, with the minimum investment set at £250.
The aims of the Group are:
Part of the income generated from the scheme will be reinvested in The Community Energy Efficiency Fund for energy-saving improvements in the local area, such as draughtbusting, insulation, education and re-skilling on energy efficiency.