Sunart in Community Energy ‘First’ for Lochaber
On Friday 3 October Dave Thompson MSP, and Dave Hollings from Co-operative & Mutual Solutions, will launch the share offer for the Sunart hydro scheme in Strontian at what is planned to be an evening of celebration led by the award winning ceilidh band Trail West.
Speaking ahead of the Launch, Dave Thompson MSP said, “I am delighted to support this ‘first’ for Lochaber. Community shares are an excellent new way of raising money for a community venture as well as bringing good returns for investors”.
Sunart Community Renewables is the Community Benefit Society behind the plan to harness an untapped power source flowing right through the community, by building a 100kw hydro scheme in Strontian. It is launching its community share offer with the aim of raising as much of the required £850,000 set-up costs as possible, from private individuals and organisations.
All the electricity generated, around 400,000 kWh per year, will be sold to the national grid and all surpluses will be donated to a local Community Benefit Fund.
Speaking of the share scheme, Jamie McIntyre, one of the three Founder Members of Sunart Community Renewables, said:
“Investing in the Sunart Community Hydro scheme is a great opportunity to support the development of renewable energy, and the creation of an income stream for local community development. Buying our shares will not make you rich, but you can be confident that your investment is both green and ethical.”
Planning and other consents have been granted and construction is due to start early in 2015.
For further information about Sunart Community Hydro and the share offer, visit http://www.sunartcommunityrenewables.org.uk
I am delighted to support this ‘first’ for Lochaber. Community shares are an excellent new way of raising money for a community venture as well as bringing good returns for investors.