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.”
8:00am Saturday 6th February 2016
SAINSBURY’S is set to open a new store in central Oxford, it has emerged.
12:20pm Saturday 6th February 2016
Two missing Oxford teenagers have been found safe.
10:58am Saturday 6th February 2016
Police are hunting a white van following a hit and run in Wallingford.
8:30am Saturday 6th February 2016
THE “invaluable” Phone Friends scheme for the elderly in Oxfordshire is at risk after the county council pulled its funding.
6:00am Saturday 6th February 2016
A TERMINALLY ill Oxford United fan who lives in the USA says “it will mean everything” for him to cheer on the U’s at Wembley.
6:30am Saturday 6th February 2016
BOOK lovers in Oxfordshire are turning to electronic tomes more and more, according to latest figures from our libraries.