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Wester Derry Wind Co-op

Wester Derry Wind Co-op is aiming to raise £800,000 to pay for the installation of a 250kW wind turbine in the Glen Isla area of Perthshire, North of Dundee.

Wester Derry Wind Co-op - What They Do

What they do

Wester Derry Wind Co-op has been set up to provide an opportunity for people in Angus, Perthshire and further afield to own and operate a medium-scale wind turbine generating green electricity. Read more

Financial performance

West Derry Co-op aims to pay members interest on average of 5.9% over the lifetime of the project with capital being repaid in equal instalments from years 4 to 20, at the directors' discretion. This gives an overall IRR of 7%, rising to 10.4% with EIS. Please note that this is a long term investment and returns are likely to be lower in the early years.

Interest first payable

Spring 2016

Forecast IRR

over 20 years

7% (before EIS)

Social performance

The project’s purpose is to generate electricity from the wind resource available and to reduce the reliance of the Glen Isla area on fossil fuels.

  • Key social performance indicator

    230 metric tonnes per annum

    of carbon dioxide saved

Governance and people

Who benefits

The surplus after payment of interest to members will be donated to the local community.

  • A Community Fund will be established which will contribute to the Alyth Primary School Parent Staff Association.

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