Share offer to fund a solar array at Invicta Primary School in Blackheath

You are invited to invest in a solar array at Invicta Primary School, 18 Invicta Rd, London SE3 7HF.

This will be Selce’s 12th community financed solar site: to date we own and operate over half a megawatt of community financed solar that has generated over 3 million kWh of solar electricity to date.

This 39KWp solar array is projected to generate 35K kWh of solar electricity. The school is projected to reduce their costs by more than £100,000 over 20 years.

Any project surplus goes to supporting Selce’s fuel poverty alleviation programme.

Accessing energy from solar will reduce approximate equivalent of 5802kg of CO2 each year.

Based upon our financial model, using the assumptions above, we forecast that we will be able to provide an interest rate of 4%. We will also provide full capital repayment in year 20. This model is based on the proviso that we will not return capital invested by members for the first three years. After three years, income will be available to repay members incrementally.

The panels were installed in the Autumn 2024 half term after the necessary capital for the supply and installation of the solar PV was provided through a bridging loan from a philanthropic lender. The community share offer will cover the repayment of the loan plus interest, which comes to a total of £33,000.

For more information, please read our Share Offer Document.

Please note that Selce is neither qualified nor authorised to offer investment advice. Those interested in participating should make their own assessment of the offer, should take note of any risk factors described in the documents, and may wish to take independent financial advice. Capital at risk.