We are delighted to announce that Assel Valley Community Renewables Society Ltd. has completed collective financing of GBP 1,000,000 in less than one month.
Local people in Ayrshire and renewable energy supporters have been given the opportunity to invest in the Assel Valley wind farm financing from as little as GBP 250. Interest will be paid on an annual basis. This amount is linked to the energy produced by the wind farm.
The individual investment was capped a maximum of GBP 30,000 and priority was given to individuals living in the local community.
Once more, our partner in this initiative is Energy4All Ltd., a major player in the setting up of renewable energy co-operatives in the UK.