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 £200. 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”.
Own a share in wind farm in Near Girvan, Ayrshire, Scotland
- Local people can purchase shares from £100
- Annual interest payments on shares
- Build a fund for local community benefit
- Help create a greener future for our children
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 of 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 *Terms and Conditions apply* - see website for details
Disclaimer
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.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereComments are closed on this article