Community wind turbine pays dividends

The Sustainable Hockerton community-owned wind turbine continues to turn a profit! Members of the Society have received payments of 8% interest and there is enough money left in the bank to donate £10,000 to the village to pursue sustainability and energy saving projects. Not bad for the second year of full operation! The most frequent quote from investors was “I only wish I had invested more!”

Our full triple bottom line has been reported to our members at the AGM today:

Environmental: In the last year our wind turbine has produced 341,962 kWh of zero carbon power, displacing the emission of 179.4 tonnes of carbon dioxide from fossil fuelled power stations

Economic: 8% interest capital was paid on share capital held on 2012, and work provided for local residents.

Social: £3000 was set aside for the village’s sustainability projects

There are now 79 members of the Society. If you are interested in joining, as and when shares are made available for transfer by existing members, please contact us. Priority will be given to local residents.

Please also get in touch if you would like help with setting up a community wind turbine or solar PV project.

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s