—> 2014 —> Islay community wind project launches

Disathairne, 18/Jan/2014

Islay community wind project launches

Islay News in stencil

Islay has long been on the forefront of renewable energies. While largely experimental Islay was home to one of the first wave power generation installations and through the work of the Islay Energy Trust the tidal energy project is progressing towards the installation in the Sound of Islay in 2015. Most recently the Islay Energy Community Benefit Society was launched:

Logo of the Islay Energy Community Benefit Society

Earlier this week the project was offically launched, for a quick overview read the IECBS Press Release. In a nutshell they plan to raise £750,000 to install a wind turbine near Castlehill east of the High Road near Glenegedale. The returns from the project will (after paying interest to the investors) be re-invested in the community for other renewable energy and energy saving projects. As of Thursday the project had already raised over £150,000 in only three days. If you're interested to invest in the IECBS check the Prospectus and if you're a UK taxpayer there could be some Tax Relief available.

The project launch is generating some interest already, Carbon Commentary writes Power to the people: Islay looks set for a hugely successful community turbine and Scottish Energy News reports Islay establishes a more sustainable future through the exploitation of renewable energy resources. Certainly a great project to follow over the coming weeks, months and years.

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