|
Tuesday, 10 October 2006 |
The cost of the project would comprise the capital set up costs (the cost of building the turbine and connecting it to the grid); the cost of financing (how the capital cost is repaid); and running costs (such as maintenance and insurance).
Income would come from selling the electricity generated to a supplier under a power purchase agreement ( PPA).
The net profits would be paid to The Trust by gift aid as soon as it is commercially feasible.
|
|
Read more...
|
|
|
Tuesday, 10 October 2006 |
The project is a major financial
investment. Depending on the type of
turbine chosen and how it is installed the set up costs could be in the region
of £1,000,000.
|
|
Read more...
|
|
|
Tuesday, 10 October 2006 |
The capital set up costs of the project would be
funded by a mix of commercial loans, grants and redeemable shares. TREL has had
positive responses from several commercial lenders who support community
renewable energy projects. Typically
banks will lend up to 70% of the cost of a community turbine project.
|
|
Read more...
|
|
|
Tuesday, 10 October 2006 |
|
To be financially successful, the turbine project
would depend not just on the capital and installation costs, but also the wind
speeds and energy prices.
|
|
|
Tuesday, 10 October 2006 |
|
A 850kw Turbine in conditions
such as those on Tiree can be expected to produce over 3,100,000 kw/h
of energy
a year. That's enough to supply nearly
700 households. The average turbine site
in the UK produces electricity at a capacity factor of 30%. Tiree can
expect 44.5%. Some sites such as in Orkney are finding they
are exceeding their expected output
|
|
Read more...
|
|
|
|
Finance 
