top of page

Mount Pleasant Renewable Energy Co-operative

Ecodyn was approached by a farmer on South Ronaldsay who wanted a small wind turbine but was concerned about their reliability, particularly in such a remote and windy area. Over the next several months, we set about obtaining planning approval for and installing a 65kW Harbon turbine connected to his farm and house.

We then established an industrial provident society, The Mount Pleasant Renewable Energy Co-operative Limited and developed a robust, independently audited business plan with which we were able to attract sufficient investment to fund the project entirely. The co-operative approach to renewable energy investments has several advantages, including:

- No requirement to make regular payments despite irregular income

- No need to pay all your profits to the bank

- 30% rebate on income tax for investors through Enterprise Investment Scheme

- Protection from Capital Gains and Inheritance Tax.

The turbine was installed in November 2014 and both it and the co-operative structure are performing even better than expected. Our experience of developing renewable energy co-operatives has already attracted attention from several community groups that are interested in doing this sort of thing but horrified by the interest rates demanded by commercial banks.

Featured Posts
Recent Posts
Search By Tags
No tags yet.
Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square
bottom of page