A&D Ramsay (Rural Business and Landowner)
Wester Derry Wind Co-op
Alyth and Isla Primary Schools’ Parent Support Groups (Community Benefit)
Location: Kilry, Glenisla, Angus
Date of Commission: December 2014
The project was developed by A&D Ramsay (a rural business which manages a small farm and holiday lets) as a way of diversifying the business’s income stream. Planning permission was obtained in 2011, but the turbine model was found to be unviable. The business applied for a CARES Loan in January 2013 in order to access funds to pay for an amendment to the planning application for a new turbine, as well as a grid connection payment.
By late 2013, A&D Ramsay was looking at financing options for the turbine, which now had planning consent, grid connection and FiT pre-accreditation. Although conventional financing from financial institutions was considered, project lead Diane Ramsay had read about the success of the Dingwall Wind Co-op project and was attracted by the concept of a community share offer. In February 2014 Diane met with Jon Halle from Sharenergy as well as a number of potential directors for the new co-op.
The share offer was launched in April 2014 and over the following 6 months raised the £850,000 required to finance the project. The turbine was delivered in November 2014 and became operational in December 2015. The applicant to the CARES Loan was A&D Ramsay, which was eligible as a rural business. The project was then passed on to Wester Derry Wind Co-op, which is a bona fide Co-operative.