Local energy for Selsey and Sidlesham
The Ferry Farm community solar project, between Selsey and Sidlesham, West Sussex has been generated electricity and income from the sun since June 2016. Surplus income from the solar farm will be used to support local community organisations and projects.
Selsey and Sidlesham and surrounding areas spend almost £20 million per year on energy, almost all of which leaves the local economy. The Ferry Farm community solar project is a step towards energy being generated and owned locally, with the value retained in the local economy.
19,000 solar panels already making electricity from the sun
The community solar farm is made up of around 19,000 panels expected to generate over 5.4 million kWh of green energy every year for 25 years or more. That’s enough electricity to power 1,300 homes!
The community solar farm is now live and generating electricity from the sun.
The solar farm will earn income from the sale of electricity and a Feed-in Tariff which provides an inflation linked income for 20 years.
Ferry Farm Community Solar Limited
Ferry Farm Community Solar Limited is a professionally managed community benefit society, which has been set up to help fund the community solar farm and manage the community income generated. Surplus income from the community solar farm (after operating and finance costs) will be used to support projects in the Selsey and Sidlesham area.
For an initial period of 3 years half the income generated will be used to support an energy and fuel poverty advice service managed by local charity Selsey Works. The other half will be used to support a community grant fund for projects in Selsey and Sidlesham. The grant fund is managed by Selsey Community Forum. Please visit the Selsey Community Forum website to find about out how to apply for grant funding and previous awards made.
Ferry Farm Community Solar Ltd is governed by a board of voluntary directors.
If you would be interested in getting involved in the governance of the society or to discuss opportunities for community organisations and projects to benefit, please get in touch at email@example.com.
To view the Rules of the Society please follow this link Ferry Farm Community Solar Limited Rules.
First Phase of £40,000 grants awarded!
Ferry Farm Community Solar has announced seven local projects which will benefit from the first phase of awards provided via its community grant fund. The 2017 grant fund will total £40,000 across two application phases. CLICK HERE to find out more.
The Annual General Meeting of the Members (Meeting) of Ferry Farm Community Solar Ltd (the Society) was held at Selsey Town Hall, Selsey, West Sussex, PO20 0RB on Tuesday 20th June 2017 at 1830. The agenda for the meeting was:
- The receipt of the annual accounts and reports of the board and auditor for the year ending 31st December 2016;
- To consider dis-applying the Society’s requirement to appoint an auditor under Section 84 of the Co-operatives and Community Benefit Societies Act 2014 in order to reduce administration costs and maximise income generated for the Society’s community purpose. Full accounts and an annual directors’ report would still be provided to the members;
- The appointment of board members in accordance with the Society’s rules:
- Up to 3 directors elected from the membership,
- Up to 3 directors appointed by Selsey Town Council, Sidlesham Parish Council and the community supporting organisation,
- Up to 2 directors co-opted by the board.
- To report on the development of the Society’s community purpose which includes supporting an energy and fuel poverty service and a community grant fund for the parishes of Selsey and Sidlesham. It is envisaged that surpluses will be available for application to the Society’s community purpose from July 2017;
- To report on the member share offer and payment of share interest to members. It is envisaged that the first share interest payment will be made in July 2017;
- To report on the completion of construction and performance of the Ferry Farm community solar project;
- Any other business.
11 members attended in person (meaning the meeting was quorate) with 17 completing the online poll ahead of the meeting. This means around 1/3rd of the membership actively participated in the AGM.
The AGM presentation can be downloaded HERE
The AGM minutes can be downloaded HERE
Accounts for year ending 31st December 2016
Draft accounts prepared by our accountants and auditors Kreston Reeves can be downloaded HERE
The audited accounts will be published here once approved by the Directors at the AGM.
Community share offer
The community share offer provided an opportunity for people and organisations to invest in the community solar farm. The intended annual interest is 6%, with capital returned over 20 years. The shares are eligible for inheritance tax relief. The share offer closed in December 2016 raising over £300,000.
To find out more please download the share offer document HERE.