Free solar for social housing, and many healthy returns by Cleantechnica

By Andrew

CleanTechnica’s been reporting on investors’ increasing comfort level and investments – both direct and indirect — in the still fast-growing solar, wind, and renewable energy sectors. Along those lines, UK-based BusinessGreen on August 31 reported that London-based Goldfield Partners has launched what’s thought to be the UK’s first pension fund dedicated to financing the purchase, installation, and maintenance of residential solar power systems for social housing residents.

What stands to make Goldfield Partners’ proposed ₤50 million ($79 million) Solar Green Energy Fund unit trust appealing to investors are stable, inflation-adjusted returns as high as 8%. Returns are based on investors benefiting from the UK’s solar feed-in tariff (FiT), which UK retail investors haven’t been able to participate in directly up to this point in time.

What stands to make it very appealing for those living in government-supported housing is that the solar photovoltaic (PV) systems will be installed for free.