The new company, Renewables for Regeneration at Newmilns LLP, will be seeking planning consent for a 500Kw wind turbine on Irene and David’s land at East Heads in the coming months.
Hopi Energy, one of the partners, is a community interest company based in Falkirk, whose mission is to distribute the wealth from renewable energy to community projects and to combat fuel poverty.
The Community benefit is considerably increased with NRA being part of the joint venture, not simply receiving a benefit payment from the developer as happens in most cases.
As as partner, it will also receive 10% of the net profit of the company for the life of the turbine along with an annual payment of 4% of generated gross income as a community payment.
Pre-planning work is being fully supported by Local Energy Scotland through their CARES Scheme.
Public support will be needed for this project which will bring much needed financial community benefit to assist NRA in the regeneration of the town.