In September 2016 we finished installing our solar panels at The Magna Carta School in Egham, and now we have the figures for a full year’s generation. They’re looking good.
We’ve generated more than we expected to at each of our sites over the last 12 months – Norden Farm Arts Centre in Maidenhead where we have 38.5 kw (kilowatts), 49.4kw on the roof of Magna Carta main site, and 10kw on the roof of Magna Carta S block.
We’re very pleased with that. It means we’ve generated more clean energy than forecast, sold more to the grid than forecast, and reduced our partners at Magna Carta and Norden Farm’s carbon footprints and electricity bills more than forecast too. It means we’re probably on course to start paying interest to shareholders at a rate of 3% for 2017. We’ll be confirming the recommended amount and putting it to members at our AGM early in 2018. We’ll also be able to confirm whether we’ve just had a sunnier year than average or we’ve been too conservative with our generation forecasts and should expect more each year in future – we’ll compare with other solar generators in the area to see.