This is comes the solar: Photo voltaic panels for Edinburgh council HQ
“/>The Edinburgh City Council offices at Waverley Court are the last of six buildings to receive solar panels in the final phase
The community offices are the last of six buildings in the city to be paneled by the Edinburgh Community Solar Co-operative following a new, oversubscribed stock offering.
Founded seven years ago, the cooperative already has 24 community spaces across the city, mostly schools and leisure centers, generating power from solar panels funded from its first stock issue in 2015 that raised £ 1.4 million.
This time the cooperative wanted to raise £ 660,000 for the six buildings, but so many people wanted to participate that they raised over £ 700,000.
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“/> Solar panels have already been installed by the Edinburgh Community Solar Co-Operative at the Craiglockhart Leisure Center
The shares were priced at around £ 100 each and investors were offered 4.5 percent interest.
Former councilor Lesley Hinds, chairman of the cooperative, said it was encouraging to see people willing to invest in solar power and help the environment.
Nearly three quarters of the investment – £ 437,000 – came from Edinburgh residents.
Ms. Hinds said, “It’s great that this is a cooperative, which means that the members are who the company is owned and everything goes back to the cooperative or to the members, or we have a not-for-profit system that too some of the cooperatives meant buildings in the first phase got gardens and recycling projects.
“/> Co-op chair Lesley Hinds and Fiona Douglas, Energy and Sustainability Manager at Edinburgh Leisure, take a look at the solar panels at the Craiglockhart Leisure Center.
“I think the majority of people in Edinburgh wanted to invest because they believe that the future is renewable energy and they really are up to the challenge of climate change.”
Each building in the system produces electricity which is used by that building at a price agreed with the council, and any excess flows into the national grid.
Ms. Hinds said: “Especially with the COP climate conference coming to Scotland in 2021, it is great that the people of Edinburgh are ready and willing to invest.
“Hopefully the great interest in the program means that the cooperative can continue to try not only with the council but also with other community organizations, churches and others to supply their buildings with solar energy. And the further we go, the more people will be willing to think about it because they know what their bills will be and invest in renewable energy. “
The other five buildings in the second phase have their panels installed and functioning – the council transport depot in Bankhead, the Sighthill recycling center, and the recreation centers in Craiglockhart, Kirkliston and Gracemount.
Green Councilor Gavin Corbett, who is a member of the cooperative council, said: “The solar cooperative has been one of Edinburgh’s silent success stories for the past five years, installing and operating panels in many public buildings and all funded through community shares. Subjects.
“2020 was a difficult year and the cooperative, like so many companies, had to overcome it. However, the success of our second share issue in the middle of a pandemic shows that demand is still there.”
“In this second phase, I am very pleased that the Craiglockhart Leisure Center is receiving panels and of course the headquarters of the council will also be top-class. With the global climate summit taking place in Scotland, Edinburgh must show a head start on all fronts. “