3 ms·
Trying to cost this out (in a UK context), I found very few press releases give actual cost numbers. This was rather cute though: https://www.kentonline.co.uk/s
by pjc50 8mo ago
Trying to cost this out (in a UK context), I found very few press releases give actual cost numbers. This was rather cute though: https://www.kentonline.co.uk/sittingbourne/news/you-can-hear-the-birds-inside-the-community-owned-solar-f-324773/ https://www.kentonline.co.uk/sittingbourne/news/you-can-hear... "took over a 5MW site in Bobbing, near Sittingbourne, in December 2023 after raising £176,100 of investments through a crowdfunding campaign"
That is for taking it over from a previous operator, and seems extremely low. More recognizable £1.5k/kW numbers give about £7.5m for that. So unless you're independently wealthy then finance is going to be your #1 consideration. It might actually be easier to do community funding in the UK than the US, provided you structure your investors as creditors and not equity.
#2 consideration is going to be planning rules and the availability of special get-outs for renewables schemes.
#3 is going to be grid connection. In the UK you need permission from OFGEM for large systems. It is also potentially expensive if they make you pay to dig up the road and lay 5MW cabling.
Acquiring land is tied in to all of those.