Swindon Council is considering a new community solar project that would offer residents a 6% return on any investment for the next 20 years. The Council will meet next Wednesday (10 February) to vote on the Swindon Community Solar Farm project, which would be the first of its kind in the UK to allow residents to invest directly in council solar bonds. The proposed 5MW farm would cost £4.8m to construct, with £3m coming from the council’s investment, and the remaining £1.8m from community investors. Investors and the council would reap 35% of the profits, with 65% going towards local community initiatives. The solar farm would generate enough electricity to supply the equivalent of 1,200 typical homes and save around 2000 tonnes of carbon dioxide a year. Swindon has an aim to install 200MW of renewable capacity by 2020, enough to meet the equivalent energy requirements of every home in the borough. A total of 140MW has already been built or is being planned.