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Another cash pledge by wind farm company 

Credit:  27 March 2013 | www.cumnockchronicle.com ~~

The Cumnock area has received a second potential cash boost after another wind farm developer announced plans to hand over cash to the community.

Bank Renewables have announced that they will be offering a 2.5 per cent share in their proposed High Cumnock wind farm to the community – potentially creating a minimum £3.4 million fund.

It comes just two weeks after Peel Energy offered up shares to the community on its proposed development at Garleffan.

Banks Renewables recently submitted plans for the eight turbine wind farm at High Cumnock to East Ayrshire Council – also confirming that they will increase the community’s share in revenue from 1.5 per to 2.5 per cent with a minimum investment of £5,000 per megawatt generated every year.

For the full story, see this week’s Chronicle.

Source:  27 March 2013 | www.cumnockchronicle.com

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.

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