Community solar investment
August Investments has taken up a small investment in the third capital raising by Repower Shoalhaven. This is a community venture which connects investors with local businesses, clubs, churches, etc allowing them to incorporate solar into their premises and to have first access to the power generated. Since 2014, solar has been provided for a church, a bowling club and a community centre. The current project will fund solar for a bakery, a dairy farm and a local business. A return of 7% pa is forecast, with capital being repaid over ten year period.
August Investments is proud to be part of this Repower Shoalhaven project. It fits in perfectly with our two core objectives around environment and community. We expect more such investments in other communities in the near future.