Communities offered stake in new wind farm project

Renewable energy developer, Galileo, and ALIenergy are giving Oban and Lorn communities the chance to take a financial stake in Corr Chnoc Wind Farm.

A Memorandum of Understanding (MoU) has now been signed between Galileo and ALIenergy, seeking to deliver a financial vehicle that will allow the community to gain shared ownership of the wind farm. ALIenergy will lead in the development of the shared ownership scheme giving local communities the opportunity to take up to 10% stake in the windfarm.

The proposed 12-turbine scheme is located on land at Dunach Estate. Situated approximately 2km northeast of Kilmore and 5km east of the centre of Oban, Corr Chnoc Wind Farm will have a total generating capacity of up to 75 megawatts (MW). It will be supported by a battery energy storage system (BESS), with a storage capacity of up to 30MW.

Dr Lynda Mitchell, CEO of ALIenergy, said: “Shared ownership provides a tremendous opportunity for local communities to benefit from renewable energy developments, delivering everything from education initiatives, to addressing fuel poverty, and art and environmental programmes.

“These are projects that are not only important for the immediate future, but for the next generation too. Moreover, projects with a form of shared ownership are typically more closely bound to the local community where they operate.”

Argyll: Communities offered stake in Scottish wind farm project | The National