Hot on the heels of our latest offer which ended in December 2018, we’re announcing a new bond offer for February 2019
We are raising £200,000 in bonds to purchase an operational turbine in County Durham next to the turbine we have just bought – bringing our total turbines to five – two in Scotland, one in Wales and two in England. In order to encourage a rapid take-up we are again giving away some free bonds to the first 100 applicants – for all the details see our How to Apply page.
The bonds will be repaid in instalments over a 10-yr period and attract a fixed interest of 4.5% on capital retained from year 2. Interest will be 2% in year 1.
Buying these operational turbines is an important part of SWCs plans to increase its fleet and improve its financial clout while it develops several new wind turbine sites which will have to operate entirely without subsidy, as the UK government have now removed all support for onshore wind completely.
We’ve had a great response from people who share our wish to keep building community wind power whatever the powers that be throw at us – come and join us!