A LAUNCESTON-based company has committed £800,000 to fund the installation of solar panels across the country.

Social impact investor Resonance has pledged £800,000 to Big Solar Co-op to fund the installation of rooftop solar panels across the UK.

The investment is aimed at reducing carbon emissions by working towards a goal of 100MW of solar panels on commercial and community buildings by 2030.

The project, which is backed by investment from Resonance Community Developers (RCD), is driving the transition to clean energy, cutting nearly 40,000 tonnes of CO₂ emissions annually whilst helping to power a more sustainable future.

Tom Crook, investment manager at Launceston-based Resonance has said he hopes the funding will make a big difference. He explained: “I’m really excited to be supporting Big Solar Co-op and the incredible work it does. The commitment to creating real social and environmental impact is something we truly believe in, and we are proud that this investment will help it grow and make an even bigger difference. We look forward to seeing the positive change it creates.”.

Jon Hallè, CEO at Big Solar Co-op, commented: “The loan from Resonance will enable us to build new solar on the rooftops of buildings across the UK, from schools and leisure facilities to factories and supermarkets.

“All of these new solar installations are co-owned by our members on a non-profit basis - we have over 650 members and more are joining us every day. With the support from Resonance, we will be able to build new solar installations at the rate of one per month in the first half of 2025.”

He concluded: “Together they will generate enough electricity to reduce UK carbon emissions by around 350 tonnes a year - that's enough energy to drive an electric car over 2 million miles.”