smegal wrote: ↑Thu Dec 21, 2023 11:25 am
Am i reading this correctly, are they re-opening DW for purchases? I thought they'd already secured debt funding for any shortfall.
You are now able to join thousands of Ripple members and convert your reservation into ownership of Derril Water Solar Park.
As we explained in our previous email, the delay to our 4th project creates a unique opportunity for you to use your reservation to buy shares in an existing project. Derril is well into its pre-construction phase and is expected to begin operating in late 2024.
Introducing Derril Water Solar Park
If you have recently joined the reservation list and are unfamiliar with Derril Water, the site is located in Devon, around 8 miles east of the seaside town of Bude. Derril is set to be the UK's largest consumer owned solar park. Here's a few more facts about this unique project:
42MW, comprising of over 70,000 ground mounted solar panels.
It will have the potential to power around 14,000 homes
Just 5 panels is enough to generate a typical home's electricity needs for a year
It will take an average of 37 minutes for the solar park to generate enough electricity to meet a typical home's annual needs
It will save 19,000 tonnes of CO2 emissions every year
When it launched earlier this year it became the largest single raise in the history of UK co-operatives, with almost 9,000 members buying shares
A Biodiversity Management Plan will create new habitats offering food and shelter to wildlife and provide species-rich grasslands across the site. Native broad leaf and hedge rows will be planted and bird and bat boxes, hedgehogs houses, dormouse boxes and bee banks will also be set up. Invertebrate hotels will be built to encourage more insects and pollinators. The farmers who own the land will still be able to graze animals around the panels.