Two community-owned wind turbines could generate profits of £1 million for Bute over the next 20 years, according to a new report.
The predicted figure appears in feasibility study work carried out for Bute Community Power on proposals for two 250-kilowatt turbines on land at Auchintirrie farm in the centre of the island.
Initial photo-montages of the turbines were presented at a general meeting of BCP in Rothesay this week, when members unanimously voted to continue the work on the feasibility of the project.
The organisation, formed in November 2013 as a ‘community benefit society’, intends to launch a share issue to fund the scheme, subject to a planning application being approved by Argyll and Bute Council.
As a community benefit society, BCP is required to contribute any profits it makes to the local community. It hopes to raise £5 million for the island in the space of 25 years through renewable energy projects.
The feasibility study work is being carried out by Locogen, a ‘multidisciplinary renewable energy company’ appointed in August to take the project through to the planning stages. A planning application is expected to be submitted by the end of the current financial year.