Solar for Schools Community Benefit Society Ltd is excited to announce the issue of its second round of solar bonds in partnership with Ethex – starting March 7th 2017. By investing in Solar for Schools Community Benefit Society Ltd (‘CBS’), investors are making a social impact investment to help schools in the UK access clean and renewable solar electricity.
For every £250,000 raised from bond investors to fund solar panels on schools, those schools will:
Bond holders can expect to receive 5% interest per year for up to 5 years.
“With your investment, you will help schools where we provide panels to save and earn between one- to three-times the invested amount over the 30-year lifetime of the solar panels, whilst inspiring the next generation of children to achieve more by living sustainably,” says Robert Schrimpff, CEO of Solar for Schools.
Schools are provided with solar panel systems managed by Solar Options for Schools Ltd. (‘Solar for Schools’), who manages systems on over 55 schools. The solar panels systems are owned by Solar for Schools CBS, a community benefit society set up specifically for this. The members of the CBS are the schools themselves, and they benefit not only from long-term electricity savings that are gained by having solar panels, but also they receive a share of the surplus profits of the operation of the solar assets. The 5-year bond offer will enable the funding of solar panel systems on more schools, thus providing more local renewable energy that is used on site while reducing the impact of climate change and the need to import energy from other countries.
To find out more, please visit: https://www.solarforschools.co.uk/news/cbs-second-bond-issue-opens-today