Energy4All is proposing a new co-operative venture for Devon. The aim is for the co-operative to own and operate wind turbines at Bratton Fleming in North Devon and and Higher Torr in South Hams. The two projects, both comprising 2 turbines and an installed capacity of up to 1.5MW, are being developed by ClearWinds (www.clearwinds.co.uk), working in partnership with E4A.
Devon Community Wind Co-operative will give thousands of Devon residents the opportunity to have an ownership stake and receive income from renewable energy generated in their region. Participation can start from just £250 to ensure that as many people as possible can benefit from the project. The maximum investment is £20,000. Elsewhere similar co-ops are returning between 6% and 10% per annum to members. Priority for membership will be given to North Devon and South Hams residents.
In addition to providing an annual income to members, the Co-operative will also provide a Community Fund associated with each project. These funds will used to benefit the communities immediately adjacent to the wind turbines. How the funds operate very much depends on the initiative of local people and the members of the co-operative.
Co-operative ownership increases community involvement in renewable energy projects, maximises financial returns for local people from local resources, and mobilises environmental awareness. Most importantly, the Devon Community Wind Co-operative model is an opportunity for the people of Devon to take dynamic action to solve our global energy issues.
If you are interested in supporting the wind energy projects, helping with the set-up of the co-op, being involved in discussions about the community funds or simply would like to be kept informed then please contact email@example.com.
Further information can be found in the Devon Community Wind Co-operative document.
As a new report calls on the government to overhaul the “closed shop” energy market, the UK’s leading expert in community-owned renewable energy schemes is urging Devon residents to support new co-operatively-owned wind energy projects in North Devon and South Hams. To read more click here.