abundance swindon council solar farm

[HawkHybrid]

https://www.abundanceinvestment.com/app/projects/swindon-common-farm-solar

 

I've never used abundance investment before so asking for

opinions and experiences.

 

this could be one of the few council projects that deserves a

fighting chance, as everything needs energy of some sort to

stand any chance of succeeding.

 

not so much as an investment in the the conventional sense,

(to make money). putting money into something that I can

hope to succeed plays a big part here. Am I being naive?

 

edit: I think the annual interest is fixed at 3.7% but you get

5% of your capital back each year.

 

HH

[HighlandTiger]

8 hours ago, HawkHybrid said:

Am I being naive?

 

HH

I wouldn't say naive, but I wouldn't touch any council project where you are tying up your money for 20 years getting it back piecemeal a fraction at a time each year. With councils changing every 5 years who knows what political parties will do, also I wouldn't go anywhere near an industry where the rate of technological advances could render the current technology obsolete, (and therefore worthless), well before the term time ends.

20 years is a long time to tie up your money. But thats just my opinion...

 

[BaldyBob]

I am with HT. I would certainly not invest with a Council, or anything run by the public sector.

Unless you are being altruistic and are not concerned about profit

[Cornishfarmer]

Without knowing anything at all about this project my thoughts are

feed in tariff (FIT) was dropped to very low levels at beginning of year. So they probably got planning before the drop was announced and the funding has now been withdrawn by either the council them selves or a bank.    So now they have the planning and need money.   Haven't read that much but is the 6% annual payment or not.      A big rugby club did this kind of thing down our way and think they paid interest every 3 years.     20 years is a long time to have money tied up

last of all l live close to a site 10 times this size and the sight contract has change hands 3 times so far