The Islay Energy Trust (IET) needs to raise around £900,000 to fund a combination of renewable energy projects including wind, hydro, solar etc. Financial benefits to the community from these projects could total £100,000 each year in the first ten years and £200,000 each year after that. It is likely that IET will be able to raise approximately £600,000 from banks and it hopes to raise £300,000 from local investors.
Islay Community Energy Co-operative
IET has been discussing the establishment of a co-operative in which local people can invest. Each investor will become a member of the co-operative with a single vote, irrespective of sum invested. The co-operative would be governed by a board elected by the members. The co-operative would invest its funds in IET’s projects and would receive revenues from them.
Investment and Return
Individual investments could range from £100 to £20,000. Withdrawal of capital would be possible. Similar co-operatives have been paying out returns to investors of 5 – 8% p.a.
IET is conducting a survey to find out if there is interest in investing in an IET Energy Co-operative. We are very interested in your views and would appreciate if you could take part in the very short (three question) survey:
(by 31st January 2012)
This is not an offer to invest
