Community Energy Fortnight 2015: Case Studies
Throughout Community Energy Fortnight 2015 we are highlighting amazing community energy projects from across Scotland.
Friday 11th September: Stewart Energy
Funding Type: CARES Loan
Location: South Lanarkshire
The farm business received support from CARES in order to carry out the pre-planning work necessary to achieve planning for the Marshill Turbine. During this process, Lesmahagow Development Trust (LDT) were identified as the most suitable recipient of the community benefit payment provided through the revenue generated by the turbine. LDT were also offered the opportunity to invest in the Marshill Turbine and become a joint owner, increasing the benefit to the local area.
Discussions commenced between Stewart Energy, LDT, and the Renewable Energy Investment Fund (REIF) team. The community therefore explored the possibility of being a collaborative partner in the project, owning 25% of the three turbine development.
The 3.9MW wind project is 75% owned by Stewart Energy as a rural business and 25% owned by LDT as the local community. The LDT now have an annual six figure income for the next 20 years from their MW payment and dividends as part owners of the turbines with the possibility to match fund this figure.
Past case studies from Community Energy Fortnight:
Tuesday 8th: Wester Derry
Monday 7th: Energising Galashiels
Saturday 5th: Harlaw Hydro
The 3.9MW wind project is 75% owned by Stewart Energy as a rural business and 25% owned by LDT as the local community