Published: 20th Nov 2020

More than 500 investors have backed Warrington Borough Council’s scheme to fund a new renewable energy project. A total of £1m was raised through a community municipal investment (CMI) scheme, which will fund a solar and battery storage project near Cirencester. The electricity and revenues generated by the solar panels will be used to accelerate other green projects on behalf of Warrington’s community as part of its green energy strategy. These include reducing fuel poverty and energy self-sufficiency, helping save taxpayers’ money and supporting the council with delivering front-line services. The CMI structure run by the online investment platform Abundance on the council’s behalf. The local authority has a net zero target of 2030 and has already reduced its carbon footprint by 50% since 2009. ‘I’m absolutely delighted that our first ever community municipal investment has been such a success, generating a huge amount of interest and attracting hundreds of … (To read the full article, subscribe below)