| Wind Watch is a registered educational charity, founded in 2005. |
'Cash in' on wind farm
Translate: FROM English | TO English
Translate: FROM English | TO English
People will be able to cash in on controversial plans for a wind farm by buying shares in it.
Coronation Power is planning to create five 125-metre high turbines on Todmorden Moor capable of generating enough electricity for 10,000 homes.
The £10 million development at Flower Scarr Moor has attracted opposition from councillors and villagers.
And last month a Government planning inspector refused even to allow the firm to build a 60-metre wind gauge because of the effect it might have on Rossendale Valley Model Flying Club which has used the moor since the end of World War Two.
But now Coronation Power hopes a project to allow the community to profit from the wind farm will change people’s minds.
Microgeneration York-shire, which promotes renewable energy projects, has held talks with the company.
It has indicated if the application is given planning permission one of the five turbines will be available for the public to buy.
Microgeneration York-shire’s project manager Bar-naby Fryer said interested people would need to form a co-operative to take on ownership of the turbine.
“We are constantly being told that we need to act now to address climate change, and this proposal will enable people to do just that, while also getting an attractive financial return on their investment.”
An application is expected to be submitted to Calderdale Council before Christmas. A public meeting will be held at Todmorden Town Hall on Wednesday, December 13, from 7pm-9pm, to allow people to find about more.
This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.
The copyright of this article resides with the author or publisher indicated. As part of its noncommercial educational effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.
| Wind Watch relies entirely on User Funding |
 (via Stripe) |
 (via Paypal) |
Share:
[ Short URL: https://wind-watch.org/news/?p=1785 ]
