Wind farm offer bucks shares trend
Shares in a Scottish wind farm have exceeded market expectations, raising more than £1.25 million of investment.
The Great Glen Wind Farm Co-op share offer closed recently, and delighted investors by surpassing its target by more than five times. The scheme is being run by Energy4All, a not-for-profit company set up to spearhead community-owned renewable energy schemes.
The company’s latest offering is an investment opportunity in Scotland’s largest wind farm co-op. The Kilbraur Wind Energy Co-op share offer has now launched and will remain open until the 24th October.
Energy4All’s launch of the new arm of its organization; Energy4All Scotland has been initiated to develop community ownership of renewable energy projects from a uniquely Scottish perspective.
A key project to be progressed by Energy4All Scotland will be the Caledonia Renewable Energy Co-operative. Caledonia, a Scotland-wide Co-op will enable anyone in Scotland to invest in a portfolio of renewable projects – from wind to hydro and biomass. Energy4All Scotland has launched a ‘call for projects’ where landowners, communities and developers are invited to add their project to the Caledonia portfolio. By joining this initiative, individual developers can receive an ethical investment from within Scotland and extend the opportunity for local people to create a Co-op. Profits from the project can help to fund important community causes.