Green Energy Mull exceeds hydro power station fund-raising target

Garmony hydro power scheme location, Mull
Garmony hydro power scheme location, Mull

Mull’s community hydro scheme has now raised investment of over a third of a million pounds from local people and supporters of Mull’s green energy future. 

Garmony Hydro will be a 400kW hydro-electric scheme, on the Allt Achadh na Moine burn, near Garmony on the Isle of Mull.

The task was to raise one third of a million pounds through a community share issue within Industrial and Provident Society rules.

Today Richard Thorne, a Director of Green Energy Mull has confirmed that – with four days to go – Garmony Hydro is now officially over target. The total raised now sits at £335,950 – which is needed to trigger the remaining two-thirds corporate investment in the scheme. Community groups on the island have been instrumental in motivating their members to invest.

 He said: “Please keep those applications rolling in – the more we raise, the less we borrow and the more money comes back to the island communities once the scheme is built.”

Community Energy Scotland’s Nicholas Gubbins added: “The Garmony project and the folk all have the confidence now to build a community asset that will benefit Mull and Iona for decades.”.

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