A portfolio of some of the earliest rooftop solar in the UK, providing renewable solar energy
MAP Solar was set up to own and manage a 405kWp portfolio consisting of 134 solar PV systems installed on domestic rooftops around the UK. The systems have been generating renewable solar electricity since they were installed between 2011 and 2013.
The solar panels were installed under a long-term lease at no cost for the homeowners who can use the electricity generated for free, helping to reduce their electricity bills. In return, MAP Solar collected the Feed-in Tariffs that are received for the electricity generated from the systems, and was responsible for the ongoing monitoring and maintenance of the solar panels. The solar PV systems have a broad distribution across England and Wales.
MAP Solar’s parent company (MAP EFS Ltd) raised money on Abundance in 2016 to refinance the solar portfolio and put the money into its energy efficiency and LED lighting business. In 2023 the portfolio was purchased by a new owner who chose to make an early repayment of the investment, as allowed under the terms of the Deed. This investment was fully repaid on 26 January 2023.
Key terms
Documents
Payment schedule
This table gives a breakdown of what was paid back on this investment, based on an example investment of £1,000.
Payment date | Capital repayment | Interest | Total |
---|---|---|---|
8 September 2016 | £16.67 | £11.65 | £28.32 |
10 March 2017 | £33.33 | £23.31 | £56.64 |
8 September 2017 | £33.33 | £23.31 | £56.64 |
9 March 2018 | £33.33 | £23.31 | £56.64 |
7 September 2018 | £33.33 | £23.31 | £56.64 |
11 March 2019 | £33.33 | £23.31 | £56.64 |
6 September 2019 | £33.33 | £23.31 | £56.64 |
10 March 2020 | £33.33 | £23.31 | £56.64 |
8 September 2020 | £33.33 | £23.31 | £56.64 |
11 March 2021 | £33.33 | £23.31 | £56.64 |
8 September 2021 | £33.33 | £23.31 | £56.64 |
11 March 2022 | £33.33 | £23.31 | £56.64 |
8 September 2022 | £33.33 | £23.31 | £56.64 |
26 January 2023 | £583.37 | £59.49 | £642.86 |
Total | £1,000.00 | £350.86 | £1,350.86 |