Swindon Borough Council, GB funded Common Farm Solar Park through UK-first municipal solar bonds

Swindon Borough Council, GB Common Farm Park Solar Bond

Complete

The council-owned Public Power Solutions generated £1.8 million in bond funding for the 4.8-megawatt farm. A 20-year bond with a 6% interest rate was available for £5. An additional £3 million was supplied by the council to convert the disused farmland in Wroughton. The 98-day Common Farm drive led to a follow-up bond campaign for Chapel Farm Solar Park that raised £2.3 million in 42 days. Public Power Solutions reinvests 65% of profits from solar energy to community programs.

Finance Energy Solutions Engagement Utilities

Swindon Borough Council, GB

Unitary authority in England

United Kingdom

Newsworthy

Common Farm Solar Park | Public Power Solutions

Abundance case study - Swindon Common Farm & Chapel Farm

Engaging the local community in the UK’s first local authority solar bonds and Innovative Finance ISAs.

Project Succeeded

Swindon Borough Council and Abundance Investment won Solutions Partner of the Year at the 2017 Public Finance Awards.

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