We plan to build and operate our community wind farm to harness this energy with the purchase and installation of two 900kW Enercon E-44 wind turbines for the benefit of the wider community. The Project -Am Pròiseact UistWind is a project of the North Uist Development Company (Trading) Limited (NUDC-T) which was initiated by members of North Uist Development Company (NUDC) and the wider North Uist community. NUDC-T was established as a Community Benefit Society in 2018, and has been set up to enable the development of our wind farm in line with the following founding objectives:
Developing and operating a renewable energy project or projects;
Providing an opportunity for public-spirited people and organisations to contribute financially to the community, with the expectation of financial and social reward;
Supporting the activities of North Uist Development Company in its charitable objectives.
Technical development to date
Feasibility studies identified a suitable site on Criongrabhal, near Clachan-na-Luib, suitable for 2 turbines generating 1.8MW. Planning permission has been obtained from Comhairle nan Eilean Siar and, Scottish & Southern Electricity (SSE) has granted an export license to enable electricity generated to be sold to the National Grid. Feed-in-Tariff (FiT) pre-accreditation was acknowledged on 11th December 2017.
The project will be made possible through an agreed commercial finance agreement with a leading sustainable lender and raising additional capital through issue of community shares. By the Share Offer closing date of 31 December 2018, we raised £435,500 towards funding for the project.
Clean, green energy
Once installed, the two turbines are estimated to generate more than 6,370MWh of green electricity each year. This is equivalent electricity to power more than 1,300 homes a year and reduce carbon dioxide by over 2,230 tonnes annually. Renewable energy has an important role to play in addressing the key issues of climate change and security of supply and we recognise our role in supporting a greener future.
Bringing economic and social benefit to the community
Our conservative financial projections indicate the project will generate up to £2.33 million over 22 years, providing on average £105,000 annually to the local community. These funds will be used to fund a variety of local projects and initiatives in direct support of those people, community groups and charitable organisations based in North Uist.
The surplus will vary depending on interest payments and, of course, the weather! If North Uist has a very windy year there may be more profits available. The more we can raise through community shares, the less commercial finance is needed and the more profits we will have to invest in the local community. Plus, all our shareholders will receive financial return on their investment.
Want to read more information about our project?
Read our Share Offer Prospectus HERE Read our Business Plan (March 2018) HERE
UistWind is a project of North Uist Development Company (Trading) Limited (NUDC-T, a Community Benefit Society registered by the Financial Conduct Authority, registration no: 7738. Community Benefit Societies are responsible for stringent self-regulation and there is a code of conduct for community share offers carrying the Standard Mark that includes a public right of complaint that is overseen by the Community Shares Unit.
North Uist Development Company (Trading) Ltd, The Claddach Kirkibost Centre, Isle of North Uist, HS6 5EP Community Benefit Society: RS007738