An innovative new community energy project, The Small Wind Co-op, focused on farm-scale wind turbines in Wales and Scotland, has extended its share and bond offer to August 22nd.
The Small Wind Co-op offers people the chance to support three community turbines: one at Troed y Bryn in Ceredigion, Wales and two at Wemyss Bay, Inverclyde, Scotland – the first time a community energy project has brought together farm-scale wind projects in different countries within the UK.
Jon Halle, Director, The Small Wind Co-op, said: “We’ve been experiencing a very high level of interest over the last few days, with applications coming in at a great rate, so we have extended the share offer end date to the 22nd August. That still gives us enough time to order and install the turbines with a sensible buffer in case of bad weather in winter or any other delays.”
The Small Wind Co-op is offering two types of investment: bonds, which have a return of 4.5% and will be repaid after 6 years; and shares, which offer a projected average annual return of 6.5% over 20 years and entitle people to become members of the co-operative with a say in how it’s run.
Investment is simple and straightforward through the Crowdfunder website, and the project has already raised over £320,000 from 130 different investors, with an initial target of £700,000.
Thanks to the government’s new Personal Savings Allowance, for most people the returns will be tax free.
Jon Halle added: “With a minimum investment of just £100, this is something almost anyone can be part of. It’s a fantastic opportunity to own some green energy in the UK as well as supporting ordinary farmers in Wales and Scotland. People are telling us they are joining the Small Wind Co-op partly because other investment alternatives seem to have just become a whole lot more risky while offering ever lower returns. And with the end of the Feed-in-Tariff looming, there won’t be such a good opportunity for a very long time.”
As well as offering a stable return for members and bondholders, supported by the government-guaranteed Feed-in Tariff, the project will generate a community fund of £3,000 a year (index-linked) for 20 years at each location, to support local projects bringing social, economic and environmental benefits to the area. In Wales, the community fund will be invested in improving a local village hall and play park in Lllangeitho, near the turbine site.
Sharenergy, based in Shrewsbury, has helped set up over 30 community energy projects throughout the UK.
Members of the Small Wind Co-op will also be able to sign up to use the energy generated by the turbines in their homes and businesses, via a unique agreement between the Small Wind Co-op and ethical energy supplier Co-operative Energy.
It’s easy to join the Small Wind Co-op. Shares can be bought online via the Crowdfunder website, http://www.crowdfunder.co.uk/smallwind.
Both shares and bonds can be bought using the application form in the comprehensive Share Offer Document, available at the Small Wind Coop website www.smallwind.org.uk
Like our Facebook Page
Can You Maximize Your Profits While Investing Ethically?
Environmental Benefits of Living in Miami. Why Is It Worth Moving There?
5 Ways To Shift To Green Energy At Home
Advantages of Free-Range Farming for Eco-Friendly Consumers
What is Eco-Friendly Investing and How Can You Embrace It?
Green Software Ideas to Implement with an Offshore Development Team
5 Things Eco-Conscious Consumers Should Know About Private Wells
The True Environmental and Social Costs of Mined Diamonds
20 Incredible Facts Eco-Tourists Should Know About Dubai
5 Massive Benefits of Turning to Renewable Energy
6 Tips For Getting the Most from a Solar-Powered Home
7 Excellent Ways to Live a Greener Lifestyle in 2021
How the Property Industry Is Embracing Eco-Friendliness Across the Board
Sustainability in Construction: Methods to Mitigate Environmental Impacts
New Company is Driving ESG Infrastructure Development in Mining
10 Tips to Turn Your Next Holiday into an Eco-Friendly Celebration
4 Benefits of Commuting with a Bicycle as an Eco-Friendly Consumer
Some Important Facts about Eco-Friendly Glass Railings
Impact Proof of Stake Ethereum Mining on Power Industry Sustainability
7 Business Survival Guidelines All Eco-Friendly Entrepreneurs Must Follow
- Features12 months ago
Eco-Friendly Interior Design Is Easier Than You Might Think
- Features10 months ago
Eco-Friendly Hacks To Create A Durable Shop For Your Home
- Energy6 months ago
Eco-Friendly Homeowners Lower Carbon Footprints through Greater Air Conditioner Efficiency
- Features5 months ago
Seven Health and Safety Tips for Eco-Friendly Products in a Green Home