Tiree Renewable Energy Limited

About Us

MANAGEMENT
Tiree Renewable Energy Ltd.  (TREL) is a wholly owned subsidiary of the Tiree Community Development Trust. TREL is governed by a group of voluntary directors and day to day duties carried out by staff of The Trust.

FUNDING

The main funding acquired to build the wind turbine project came from two loans:

  • TREL borrowed £1.2m from the Co-op Bank
  • The Trust received a capital grant of £712,600 from The Big Lottery Fund’s Growing Community Assets project which was then loaned to TREL

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PROFITS

TREL transfers to the Trust all available net cash as a donation after paying overheads and loan repayments. The Trust then invests this in community projects.