This is the website of Oxford North Community Renewables Limited (ONCORE), set up by Low Carbon Oxford North (LCON), to fund the installation of solar photovoltaic (PV) panels on the roofs of The Cherwell School.

Our aim in doing this is

• to increase the amount of renewable electricity being generated in North Oxford
• to raise the investment from local people [and others with a connection to Cherwell School or North Oxford] and provide a reasonable rate of interest on their investment
• to provide cheaper electricity for the school and
• to provide funds for further carbon reducing activities in North Oxford.

We are aiming to raise a minimum of £145,000 through community investment, to fund an installation of around 250 panels (50kWp) that will produce cheap, clean electricity for Cherwell School for at least 25 years.

This offer launches on Monday June 6th and will remain open until 31 July 2011. We hope to raise the full amount as soon as possible, so we can complete the installation over the summer holidays.

This project will not only save carbon emissions through the generation of renewable electricity.  Revenues will be paid to Oncore through a guaranteed 25 year contract at a fixed rate rising by the Retail Price Index.  This revenue will also fund further community carbon-reduction activities organised by LCON, creating a double impact on carbon.

In addition, Oncore will sell renewable electricity generated by the solar PV panels to Cherwell School at a discount, and create educational opportunities by helping to integrate the installation and management of the solar panels into the school’s curriculum.