Decision details
Revolving Construction Loan to Low Carbon Hub IPS
Decision Maker: Cabinet, Council, , Head of Financial Services
Decision status: Recommendations approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
Investment in the Ray Valley Solar Farm project being developed by the Low Carbon Hub; a key renewable energy development for Project LEO (Local Energy Oxfordshire), in which the City Council is a partner organisation.
Decision:
Drawing up and signing a loan agreement for a revolving £2.3m fund with the Low Carbon Hub following decision of Council on 22 July 2019.
Signed off by senior officers:
Signed off by Nigel Kennedy, Head of Financial Services and Anita Bradley, Head of Law and Governance.
Publication date: 09/10/2019
Date of decision: 24/09/2019
Effective from: 12/10/2019