Decision details
Proposed Solar Farm - Barkham
Decision Maker: Executive
Decision status: For Determination
Is Key decision?: Yes
Is subject to call in?: No
Purpose:
To consider a proposal for a solar farm at Barkham, to generate 'green' energy for all of WBC's corporate property portfolio
Decision:
That, subject to securing the necessary planning consents, Council be asked to:
1) recommend the capital expenditure of the £20,283,000 funded from borrowing as previously set out in the Medium Term Financial Plan;
2) approve delegation of decisions around the final extent and configuration of the Solar Farm to the Deputy Chief Executive (S151 Finance Officer) in conjunction with the Lead Member for Resident Services, Communications and Emissions where scheme amendments will not result in the average annual net income after capital financing costs falling below £200k;
3) note the estimated net income (after running costs and capital financing costs) of £12.0m over 25 years (equal to £480k per year on average) will be introduced into the Councils annual budget using an equalisation reserve.
4) approve commencement of the Solar Farm at Barkham.
Wards Affected: Barkham;
Declarations: None
Dispensations: None
Reference Number: WBC1206
Contact: Ian Gough Email: ian.gough@wokingham.gov.uk.
Report author: Ian Gough
Publication date: 29/07/2021
Date of decision: 29/07/2021
Decided at meeting: 29/07/2021 - Executive
Accompanying Documents: