Page last updated at 20:46 GMT, Friday, 18 July 2008 21:46 UK

Wind farm co-op raises thousands

Wind turbines - generic
Another wind farm co-op venture is planned for Brora

An offer to own shares in a 16-turbine wind farm at Glenmoriston in the Highlands has raised 324,250 in the past three weeks.

The Great Glen Energy Co-op was opened to people living in an area stretching from Fort William to Inverness.

Closing on 22 August, the money raised from the offer will be used to buy a stake costing up to 1.8m in the Millennium wind farm.

Members will receive annual interest on their shares.

When operating at full capacity, the farm generates enough electricity to supply about 30,000 homes.

Another co-op is planned at a scheme being constructed at Kilbraur, near Brora.


SEE ALSO
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16 Jul 08 |  South of Scotland
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10 Jul 08 |  Highlands and Islands
Massive wind farm 'turned down'
25 Jan 08 |  Highlands and Islands

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