A new community project aims to cover South Melbourne Market’s new roof with solar panels.
150 solar panels have already been installed, funded by Port Phillip Council. LIVE (Locals Into Victoria’s Environment) wants to cover the remaining 95% of the rooftop with solar (around 3,000 panels) via community investment.
“Currently we think a Co-operative structure for LIVE Community Power best matches the principles to which we aspire,” states the group’s web site.
The group envisions selling around 1,000 shares at $1,000 each to the community. Electricity generated by the installation would be sold and provide a return to shareholders.
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