Generate community income: Neilston windfarm
To support its wide-ranging community activities and support much-needed investment in the town, Neilston Development Trust established a new community fund on the back of the development of Neilston Community Windfarm in 2013 – a 10mw joint venture of 4 turbines with an energy company.
The turbines significantly reduce the Town's carbon footprint and generate substantial revenue from the sale of green electricity. In turn, this will fund many projects identified in the Neilston 2030 Vision.
The wind farm development was a unique collaborative effort and the structure was designed to ensure that the Neilston community secured loan funding to invest in the wind farm and will receive a share (28.3%) of the pre-tax profits generated by the wind farm.