Wind Co-op Investment

[Woggroup]

Well, we went to the share offer launch event yesterday evening, and the whole thing looks very credible. They have planning permission and a guaranteed offer of a grid connection from SSE. If they reach their fundraising target, the turbine would be up by next spring and generating by next summer.

Most of the income will come from Feed In Tariffs (18.4p per kWh), with the balance from export tariff. One slight niggle in my mind is what will happen to the FITs should there be a "Yes" vote for independence in next year's referendum.

Projected return is 6.1% (worst case scenario) or 7.5% (avg case scenario) after payment of expenses and a community benefit fund. Capital will begin to be repaid after Year 5, to be completely repaid at Year 20. Set up will be an Industrial and Provident Society; one member, one vote, irrespective of how much each member invests.

The project is being advised by Energy4all, and their representative was at the meeting, along with people from RM, the installers. The turbine is a WTN 250kW, tried and tested design, made in Germany.

Tarrel, Best of luck for your project......

[Tarrel]

Well, we went to the share offer launch event yesterday evening, and the whole thing looks very credible. They have planning permission and a guaranteed offer of a grid connection from SSE. If they reach their fundraising target, the turbine would be up by next spring and generating by next summer.

Most of the income will come from Feed In Tariffs (18.4p per kWh), with the balance from export tariff. One slight niggle in my mind is what will happen to the FITs should there be a "Yes" vote for independence in next year's referendum.

Projected return is 6.1% (worst case scenario) or 7.5% (avg case scenario) after payment of expenses and a community benefit fund. Capital will begin to be repaid after Year 5, to be completely repaid at Year 20. Set up will be an Industrial and Provident Society; one member, one vote, irrespective of how much each member invests.

The project is being advised by Energy4all, and their representative was at the meeting, along with people from RM, the installers. The turbine is a WTN 250kW, tried and tested design, made in Germany.

Tarrel, Best of luck for your project......

Thanks. Have a look at http://dingwallwind.org.uk/ if you're interested.

[Tarrel]

Well, it's up and spinning!

http://dingwallwind.org.uk/2014/06/16/t ... missioned/

Grand opening, BBQ and AGM to elect new board on July 12th.