A community benefit society is launching a share offer so locals can take a stake in the Assel Valley wind farm near Girvan, in Ayrshire.
For this project Assel Valley Community Renewables Society has partnered with Energy4All, a network of 24 renewable energy co-operatives, with the aim of raising £1m.
The wind farm has been developed and built by Falck Renewables Wind and comprises ten Nordex N90 wind turbines, each rated 2.5MW with a total installed capacity of 25MW, generating approximately 84,000 MWh annually.
Director Jim Lee said: “We have recruited some local directors who will be helping to get as many local people as possible involved in this share offer. Looking to the future the renewables society will create a fund for the benefit of the local community closest to the wind farm site.”
Erin Hunter, Falck Renewables’ community relations manager, said: “We have always been determined as a company to offer local people the chance to have a stake in their local wind farm and have developed similar schemes for the majority our wind farms.
“And it’s good that there’s an additional benefit for the local community, as well as the financial return for the individuals buying shares.”
Locals will be able to purchase shares for a minimum of £250. Those interested can register their interest on the co-op’s website.
