reeves hill windfarm
Community Benefits
Community benefit fund
Some of the profits from the windfarm will also be used to improve local facilities, go towards educational projects, or improve energy efficiency in the community.
This fund is usually managed by the Local Council or a specially created Community Trust. We are keen to hear your ideas regarding how the community benefit fund should be spent - please click here to get in touch, write to us, or tell us at the exhibition.
Each year for the next 25 years, the local community would benefit to the tune of £10,000 per turbine, for every privately owned turbine on the site. Three privately owned turbines would provide an income of £30,000 per annum for the local community. -Total now confirmed at £40,ooo p.a., see Stop Press below;
Stop press! Energy4All, have now confirmed that the community co-operative will be launched on the basis that it will also contribute £10,000 p.a. to the Community Benefit scheme once it owns an operational turbine. This means that the benefits available to the community will now be £40,000 every year for 25 years, making a total of £1 million! This is of course in addition to the opportunity for local people to own a share in the community turbine, and to benefit directly from that.
Community ownership
If the scheme is consented, Energy4All will have the option to purchase one of the turbines and will then offer members of the local community the opportunity to buy shares in this turbine. These local investors would therefore benefit financially from the sale of the electricity that this turbine generates.
For more information on how this works, see http://www.energy4all.co.uk/ Alternatively, look at our "News & Events" section where Energy for All have provided a short statement about their involvement in the project.
