Own a share in a wind farm Near Girvan, Ayrshire, Scotland
- Local people can purchase shares from £250
- Annual interest payments on shares
- Build a fund for local community benefit
- Help create a greener future for our children.
Assel Valley Community Renewables Society is a community benefit society formed to enable people to own a stake in the Assel Valley wind farm near Girvan, in Ayrshire. The Society hopes to raise £1,000,000 through a public share offer.
Assel Valley is working with established social enterprise Energy4All to increase the community involvement in the wind farm. A share offer will be issued shortly. Local people in Ayrshire and renewable energy supporters nationwide can purchase shares from as little as £250. Share interest will be paid on an annual basis, dependent on the amount of energy produced by the wind farm.
Assel Valley wind farm has been developed and built by Falck Renewables Wind and comprises ten Nordex N90 wind turbines each rated 2.5MW. The total installed capacity is 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 commented: “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.”
If you are interested in finding out more about Assel Valley Community Renewables Society please visit www.asselvalley.coop
Investments in shares of renewable energy co-operatives and community benefit societies are long term investments to deliver an environmental and social impact as well as a financial return. As with any investment, there are risks. Your capital is at risk and may not be readily realisable. Returns are projected, variable, depend on performance of the project and are not guaranteed. Consider all risks before investing. As unregulated share offers, investments do not receive the protection of the Government’s Financial Services Compensation Scheme and investors do not have recourse to the Financial Ombudsman Service.
Contact Lorraine Bilton- Marketing Co-ordinator, Energy4All – Lorraine@energy4All Tel: 01229 821028