June 2020: As of the first week of June, the panels had earned £702 and produced 18,475.01 kWh of electricity. Thanks to investors and supporters.
At the launch of the share offer, PUNL had to raise £46,000 by 31 January to deliver the school installation by the end of March. Local people could invest anything between £250 and £4,500 with a projected 2% return. The project is estimated to save 230 tonnes of carbon over the first 20 years. The offer was over-subscribed and closed before the deadline.
Camden Council sees this as an important project in terms of turning their climate emergency declaration into action and partner with different organisation.
Hampstead School has not only stressed this project will save them money on energy bills but also educate pupils on the environment and renewables. For PUNL, it will help lead the way to more solar school projects – and any surplus generated will go towards other local community energy projects.