Welsh wind developer Awel Aman Tawe has launched a share offer for its 4.7MW Mynydd y Gwrhyd community wind farm in the upper Amman and Swansea valleys.
AAT aims to raise up to £500,000 via the offer, with the first £150,000 eligible for SEIS tax relief (50%); any above that may be eligible for EIS relief (30%).
The first-come-first-served share offer is open until 23 November. AAT said this will enable investors to claim existing tax relief before it is withdrawn by the government.
The minimum investment level is £50 and the projected rate of return is 7%.
AAT director Dan McCallum said: “We have set up a Community Benefit Society, Awel Co-op, which will wholly own the wind farm, and we’d like to invite people to invest in it from as little as £50. This will be an opportunity to own some Welsh wind power, take action on climate change and get a return on investment.”
As reported in the subscription-only newsletter reNEWS, the project will feature two Enercon E-82 2.35MW turbines.
Also revealed was AAT’s last-minute feed-in tariff pre-accreditation application to Ofgem, which, if successful, will see the project receive 2.77p/kWh if the turbines are generating by 31 March 2017.
Final consent has yet to be signed off, however, with the Planning Inspectorate due to make a decision this year on a common land application.
Image: Enercon E-82 turbines will feature at Mynydd y Gwrhyd (Enercon)
