Cairnborrow Community Wind Turbine

3rd of December 2012

HDDT has successfully negotiated with the Developer, West Coast Energy (WCE), acquisition of a ‘virtual community turbine’ in this nine turbine commercial windfarm. In effect, through HDDT the community will own 11.1% of the equity and income from the development if it receives planning consent. The planning application is currently with Aberdeenshire Council for determination. If approved, revenue will likely come on-stream in early 2014. In the period covered by this business plan we will conclude a detailed commercial agreement with WCE and set up an interface company to deal with them (provisionally named as ‘Huntly and District Renewables’). Additionally we have through discussion with community representatives determined the ways in which revenue flowing from the community turbine will be distributed for community use from when the income comes on stream. HDDT will help set up fund management organisations to deal with the revenue.

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Brander Building | The Square | Huntly | Aberdeenshire | AB54 8BR | Company No. SC358964