The UK’s First Inner City Community Owned Solar project
Brixton Energy Solar 1 launches its share offer
Brixton Energy is launching the first inner city solar power project on the roof of the Loughborough Estate in Brixton, to generate clean, green energy for one of the most economically deprived areas in the UK.
The ‘Solar 1’ project, which will see several hundred square metres of solar panels installed on the roofs of residential buildings within the Loughborough Estate, will be 100% community owned, give investors a share of the profits the scheme generates and reduce the carbon footprint of Brixton over its 25 year life span.
‘Solar 1’ needs £75,000 from community share offers (local residents/independent businesses) ahead of generation on March 15 2012, with investors set to make a healthy return of up to 3 per cent per annum.
Founding member and signatory of Brixton Energy, Agamemnon Otero, said “It’s great to see the ‘Solar 1’ project finally off the ground, we’re hoping it will be a template and pioneering community project to inspire other urban initiatives across the capital. We want ‘Solar 1’ to help people recognise how beneficial owning their own energy can be”.
A portion of the income generated from ‘Solar 1’ will be reinvested in the Community Energy Efficiency Fund. This Fund will support energy-saving improvements in the local area, such as draught proofing, insulation and education on energy efficiency.
For more information please contact , go to brixtonenergy.co.uk or follow Brixton Energy on Twitter @BrixtonEnergy.
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Notes to Editors:
About Repowering South London
Repowering South London (RSL) is a community led initiative and is a constituted voluntary organisation. RSL believes that community-owned energy is an excellent way to start reducing dependence on oil, protecting against rising fuel costs and environmental damage.
Repowering South London aims to
●Generate renewable energy in Brixton and South London
●Develop opportunities for a community investment vehicle
●Increase resilience by reducing dependence on big energy companies
●Use retained profits to educate residents about energy efficiency
●Tackle fuel poverty and
●Provide training and employment for local people
About Brixton Energy Solar 1
Brixton Energy Solar 1 is the first project of Repowering South London. Brixton Energy Solar 1 is a new co-operative which aims to create community owned renewable energy projects which encourage residents and businesses in Brixton to own their own energy. The co-operative are hoping for this project to be a template and inspiration for many similar urban initiatives across South London.
Generating Brixton’s own sources of renewable energy, coupled with reducing its energy consumption will greatly increase Brixton’s energy security against the effects ofpeak oil.
Brixton Energy Solar 1 share offer
Share offer is open from 16th February 2012 to 10 March 2012
Installation of PV panels is set to take place on March 15 2012
Generation of Energy from Solar 1 by March 24th 2012
For details on the share offer visit
Brixton Energy is supported by
TransitionTown Brixton:
Lambeth Council:
United Resident Housing:
Loughborough Estate Management Board: loughborough-emb