University of Edinburgh backs Scotland's first subsidy-free, 100% community-owned wind turbine
A North Aryshire community enterprise has defied the odds, securing over £5 million in investment to pave the way for the first 100% community-owned, subsidy-free onshore wind turbine in Scotland. The University of Edinburgh has supported the project via the Scottish Growth Fund.
The groundbreaking initiative by ATTIX Community Interest Company (CIC), established by the Radio City Association, supported by Thrive Renewables and Social Investment Scotland, is set to bring about a transformation in sustainable energy generation in Kilbirnie, North Ayrshire.
Backed by the University of Edinburgh, the Social Growth Fund is managed by Social Investment Scotland and has played a pivotal role in development of this community-led project. The £1.5 million investment from the Scottish Growth Fund has enabled the community to progress their plans for the construction and operation of a community-owned wind turbine.
This venture stands out as the first of its kind in Scotland, representing a significant milestone in the transition towards clean, independent energy generation, without of government price support mechanisms.
What does social investment mean?
Social investment means investing in organisations, fund and projects that deliver a social benefit alongside a traditional financial return, such as organisations working to dismantle poverty or by supporting social enterprises to upscale their work.
In 2019 the University committed to a social investment and entrepreneurship strategy, aiming to support organisations delivering positive impact for communities, with a particular focus on communities across Scotland and the UK.
The University of Edinburgh's Social Investment Fund
Transforming Kilbirnie's Energy Landscape
With construction expected to be completed by the end of next year, the 2.5 MW wind turbine will generate a staggering 7,839 MWh of clean electricity annually. This is equivalent to powering 2,234 average UK homes and reducing carbon emissions by 3,324 tonnes each year.
The unique aspect of this endeavour is its 100% community ownership. Profits derived from electricity sales will be reinvested directly into the local area around Kilbirnie, potentially supporting local sports and recreational facilities and contributing to the refurbishment of the Knox Institute building – a once important community hub.
Allan Wilson, Secretary of Radio City Association , remarked:
“This is great news for the Garnock Valley as the turbine will secure more in community benefits for local people than all the commercially owned wind turbines visible in the area combined. We recommend the model to any community facing the same challenges. It represents a massive step forward for our Electric Valley Project which aims to promote sustainability and energy self-reliance and the investment of profits from locally sourced renewable power back into our communities.”
A Brighter Future for Scotland
Chris Jamieson, Head of Investments at Social Investment Scotland, emphasised the importance of community-driven projects in Scotland's transition to net zero. He commented: "Each and every project is helping Scotland take one step closer to reaching net zero by 2045.”
Dave Gorman, Director of Social Responsibility and Sustainability at the University of Edinburgh commented: “This fantastic initiative demonstrates what can be accomplished when communities come together with social investors. We are pleased to support Social Investment Scotland through our social investment fund, to create a more sustainable and self-reliant future that will bring multiple benefits to Scottish communities.”