Social housing body, the Peabody Trust, has allocated £23 million to spend on installing solar panels on its London-based housing.

The move, which is one of the most generous schemes to be carried out by a social housing provider, is aimed at making Peabody a carbon neutral business by 2020.

While the company has gathered the funds to fit the photovoltaic panels to existing housing blocks, it is currently looking for a contractor to carry out the work. The company has given interested parties until January 21 to obtain further details.

The installation programme is expected to run for approximately 18 months, however Peabody is aiming to complete the substantial part of the job completed by April next year.