Burnham and Weston Energy CIC’s 9.3MW Wick Farm community solar array. The initial community purchase of the solar farm was funded by an £11million loan from Leapfrog Finance (completed Oct 2016). This was refinanced through a £7.4million 16-year loan from Triodos Bank (completed Dec 2017) and a £4million 18-year community bond offer (completed Sept 2018), which is the largest UK community energy bond raise to date.
CfR set up Burnham and Weston Energy CIC, managed the purchase of the solar farm from a commercial solar company, and managed the bridge, debt and community bond financing.