On-site solar power is to be installed on up to 25 public buildings owned by the City of Edinburgh Council under a community solar project.
Residents of the Scottish capital (pictured) are being encouraged to buy shares in the scheme which is being run by the Edinburgh Community Solar Co-operative. The minimum share purchase is £250 ($375) per person, and if the project raises enough money to install solar panels on all sites, including schools, community and leisure centres, it will become the UK’s largest community-owned urban renewables scheme.
Once complete it should generate enough energy to build a £1 million ($1.6 million) community fund.
Revealing plans to raise £1.4 million, Dr Richard Dixon, Chairman of the co-op, said: ‘Every co-op member is projected to receive a return of 5% on their shares, and any surplus the co-op generates will go towards a Community Benefit Fund which will support new sustainable energy projects across the city.’