This project has been fully funded and is now generating clean energy!
4.0%
Estimated return
each year
50%
Tax relief
via SEIS
20%
social return to
a Community Fund

About this project

Roupell Park before the panels were installed

Brixton Energy Solar 3 is a new co-operative set up to enable local people to invest in renewable energy generation in Brixton and raise funds for energy efficiency initiatives. By purchasing shares in Brixton Energy Solar 3, your money will be immediately invested locally, financing the installation of a major solar power station in Brixton, creating jobs and training opportunities and helping to alleviate fuel poverty.

Brixton Energy

The launch of Brixton Energy Solar 3 follows the success of Brixton Energy Solar 1 & 2, the first inner-city community-owned solar power stations in Britain. Brixton Energy Solar 1 saw the installation of a 37kW solar array on the roof of Elmore House on the Loughborough Estate. The array has been generating renewable energy for Brixton since 30th March 2012. Solar 2 saw the installation of a 45kW solar array on Styles Gardens - five housing blocks situated on the Loughborough Estate. The array has been generating renewable energy for Brixton since the 31st of October 2012. To date, the two projects have generated in excess of 50,000kWh of community-owned renewable energy in Brixton.

Roupell park estate

Using the same community led approach, the solar panels for Brixton Energy Solar 3 will be installed on four buildings within the Roupell Park Estate: Hyperion House, Fairview House, Warnham House and the Community Office. The income from the project will be derived principally from the government’s Feed-in Tariff scheme, which is guaranteed for 20 years. Some of the energy generated by the project will be used on site with the remainder energy sold directly back to the grid. After operating costs are deducted, profits resulting from the sale of energy will be used to support local energy efficiency initiatives and provide Co-operative members with an annual return on their investment.

The Community Energy Efficiency Fund

Solar panel making workshop 

In line with the aims of a co-operative organisation and social enterprise, the project has been structured so that a portion of the revenue generated through the project will be placed into a Community Energy Efficiency Fund (CEEF). This fund will then be used to improve the energy efficiency of the housing stock in Roupell Park Estate and Brixton as a whole, thereby taking meaningful steps to alleviate fuel poverty for some of the poorest residents.

More and more people now accept the urgent need to reduce our unhealthy dependence on fossil fuels. Many of us also realise that we cannot wait for others to tackle the problem. We need to see action now, not only from the government but also from individuals, households and communities. The combined array for Brixton Energy Solar 3 (52.5kW installed capacity) is expected to save approximately 22 tonnes of CO2 every year by displacing electricity that would otherwise be generated by coal and gas power stations. We hope that you will join us in making this happen.

Updates on the project

    Brixton Energy Solar 3 switched on! - 13th September

    Brixton Energy Solar 3 was switched on by Chuka Umunna, Shadow Secretary of State for Business.

    Share offer extended! - 14th July

    We have extended our share offer until Friday the 26th July!

    Party time! - 5th July

    We are having a party to celebrate the launch of Brixton Energy Solar 3. It will take place at the

    Electric Social, 40 Acre Lane, London, Brixton SW2 5SP on Tuesday 9th July 7pm - 10pm. Please join us to find out more about Brixton Energy and to celebrate!
    Phase 1 completed! - 27th June

    Its official, phase 1 of the Brixton Energy Solar 3 is complete. Blazej (intern and resident from the estate) helps the Souther Solar crew connecting the last Solar panel for the Hyperion House solar array.

    Share offer launches with ministers Ed Davey and Greg Barker! - 6th June

    Brixton Energy Solar 3 is go! Today we launched Brixton Energy Solar 3 with a visit by the Secretary of State for Energy and Climate Change, Edward Davey MP, and Minister for Energy & Climate Change, Greg Barker to the roof of Brixton Energy Solar 1.

Our investors

Will
about 5 years ago
Afsheen Kabir
about 5 years ago
Christopher Eric
over 5 years ago
Ruth
over 5 years ago
Andrew
over 5 years ago
Joseph
over 5 years ago
John Michael
over 5 years ago
Sandra
over 5 years ago
Michael
over 5 years ago
Anne
over 5 years ago
Kamel
over 5 years ago
Roy
over 5 years ago
Chris
over 5 years ago
Alexander Daniel
over 5 years ago
Alison
over 5 years ago
Anthony Frederick
over 5 years ago
Sarah Katharine
over 5 years ago
Tom
over 5 years ago
David
over 5 years ago
Susan
over 5 years ago
Malcolm James
over 5 years ago
Avraham Aryeh
over 5 years ago
Ben
over 5 years ago
Anthony Francis
over 5 years ago
Brigid
over 5 years ago
christopher
over 5 years ago
Taylor
over 5 years ago
mark
over 5 years ago
Paula
over 5 years ago
Antony
over 5 years ago
Gail
over 5 years ago
Charles
over 5 years ago
Ana Maria Del Socorro
over 5 years ago
Agamemnon
over 5 years ago
Nicholas Vivian James
over 5 years ago
Jessica
over 5 years ago
Stewart
over 5 years ago
David James
over 5 years ago
Alistair
over 5 years ago
Robyn
over 5 years ago
Olivier
over 5 years ago
Sarah
over 5 years ago
Colin Francis
over 5 years ago
Rebecca
over 5 years ago
Andre
over 5 years ago
Jason
over 5 years ago

Frequently asked questions

Do I need to live locally to invest?

No. Any UK resident can invest in the project.

What is SEIS?

As a co-operative member you are eligible for tax relief under the Seed Enterprise Investment Scheme. Pursuant to this scheme, qualifying investors can claim tax relief of 50% of their investment. The relief is given by way of a reduction of tax liability, providing there is sufficient tax liability against which to set it.

Is my investment at risk?

The directors consider that this project is lower risk than many long-term investments because it is underpinned by the Feed-in Tariff (FIT), which is a Government-sponsored programme that guarantees payment for the energy generated for 20 years. Nevertheless, there are a number of risks you should consider. Please refer to the “Risk Factors” section of the Share Offer document for more information. In addition, you should seek independent advice if you have additional questions.

What is the mechanism for selling shares? Will the scheme always buy shares back?

Shares in an Industrial and Provident Society are different than shares you may have in public or other private companies. By law, you are not able to sell or otherwise transfer your investment and the project has been designed to encourage long-term investment. However, a provision for withdrawal of shares is available through application to the co-operative’s board of directors (on 180 days' notice and only after the first three years of the project). The co-operative will set aside a portion of money annually to allow for withdrawal and buyback of shares throughout the life and for payback at the end of the project’s life.

Need help?

If you have any questions about investing or the project please don't hestitate to contact us:

info@repowering.org.uk