Thou­sands of older Scots in­vest in com­mu­nity-based re­new­able en­ergy schemes

The Herald - - FRONT PAGE -

THOU­SANDS of older Scots are in­vest­ing in com­mu­ni­ty­based re­new­able en­ergy schemes.

This is spark­ing hopes for ma­jor growth north of the Bor­der.

Fig­ures show there are now 13,250 small-scale in­vestors in hy­dro-elec­tric­ity sites be­ing built across Scot­land. The projects of­fer an­nual re­turns of about 4 per cent over 20 years – more than dou­ble the in­ter­est in most high street bank accounts. It comes as tens of mil­lions of pounds are be­ing paid out by en­ergy gi­ants to com­mu­ni­ties from the pro­ceeds of wind farms.

There is also a wider drive towards com­mu­nity-owned re­new­able projects in a bid to meet new tar­gets. The Scot­tish Govern­ment has an am­bi­tion of gen­er­at­ing 1 gi­gawatt of com­mu­nity and lo­cally-owned re­new­able en­ergy by 2020.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.