The share offer needs to raise £3 million to build a ground mounted solar PV project near Dundee.
The closing date for the first phase of this share offer is 20 December 2023. £2.46 million is needed by 20 December so contracts can be signed and timetabled work for the access to the site can be assured. The second phase will be open to 30 April 2024 to give local people in particular longer to engage.
The site is located at Bullionfield, on land owned by the James Hutton Institute, one of the UK’s major research institutes and is situated north of the A90 on the approach to Dundee from the west. The Solar Meadow will consist of 2.59 MW Solar PV panels and is anticipated to generate approximately 2,214 MWh each year. 94% of the electricity generated will be sold to the Institute.
Site work has already started, initially with tree clearance and detailed design work.
Click on the links below for full Terms & Conditions. The share offer application process will be carried out by Energy4All Limited. Once you click on the Apply Online tab you will be re-directed to their website.
IMPORTANT NOTE: This share offer is a long term investment in shares to deliver environmental and social impacts as well as a financial return. As with any investment there are risks. Your capital is at risk and may not be readily realisable. Returns are projected and variable, depending on the performance of the project, and are not guaranteed. Consider all risks before investing and read the offer document. Dundee Renewable Energy Society Limited is registered under the Co-operative and Community Benefit Societies Act under Registration Number RS007833.