THE sun was shining as two leaders unveiled their new plans for an Oxfordshire solar network.
Oxford City Council deputy leader Ed Turner and Barbara Hammond, chief executive of Low Carbon Hub, said a £2.3m council loan will power a new generation of solar roof panels on to 25 schools and business buildings this summer.
And residents will be given the opportunity to buy shares in the project and receive a cut of money made from electricity generated and sold.
The first share offering, expected in September, will be the first of many, expected to come every six months, the pair said.
Ms Hammond said: “The first share offer will be for a specific set of projects, which we will bunch together.
“We would be aiming to make a new share offer every six months, so people get used to investing their money in this way.”
The contract Low Carbon Hub has with the city council lasts three years, with money from the £2.3m pot being released for projects in stages.
It has said it will repay the city council the money, plus an additional £33,000 – a return of about 1.4 per cent.
Ed Turner, the deputy leader of the council, said: “This is a good investment that will reduce the carbon footprint of Oxfordshire.”
8:55am Saturday 4th July 2015
HELEN and Douglas House founder Sister Frances Dominica has been told not to return to the hospices following allegations of historic sexual abuse, it was confirmed today.
8:30am Saturday 4th July 2015
THERE are fears the £75m overhaul of Oxford Railway station may not take place for almost a decade.
8:31am Saturday 4th July 2015
TWO men died last night after the microlight they were flying in crashed at Enstone airfield.
3:48pm Saturday 4th July 2015
THE final five bodies of the Britons killed in the Tunisia terror attack have today been repatriated back to RAF Brize Norton.
2:01pm Saturday 4th July 2015
THESE dramatic pictures of a lightning storm over Woodstock were taken last night.
1:10pm Saturday 4th July 2015
A CAR has crashed into the central reservation of the A34 north of Botley this afternoon.