06 March 2015 | Online since 2003



30 June 2014|News,Renewables

Farm-scale wind turbines power UK’s first crowd-funded investment fund


An increasing demand for green energy is enabling investors to profit from wind turbines on farms across the north of England. Turbine specialist Earthmill has opened the UK’s first crowd-funded investment aimed at farm-scale turbines, through which individuals can invest in turbine installations already operating on farms across the north.

The fund, which guarantees investors returns of 7.25 per cent per annum over three years, has been launched by renewable energy crowd-funding platform Trillion Fund. The minimum investment is £50 and Earthmill’s initial target is to raise £1.25m. Loans will be secured against five already operational farm turbines across Yorkshire.

Steve Milner, managing director of Yorkshire-based Earthmill, said: “Not everyone has the land or the opportunity to build their own wind turbine, so we are offering the UK’s first farm-scale turbine investment fund, which enables thousands of new investors to share in the benefits of energy generation. Our partnership with UK turbine manufacturer Endurance makes this creative approach to funding possible. We anticipate rolling this investment model out to a further 20 turbines situated on farms across the country - which will generate enough electricity to power more than 900 homes - over the coming 12 months.”



He added: “Individual small scale turbines on farms are becoming increasingly popular, because producing energy at the same place as it is required is extremely efficient and directly supports UK farming.”

Previously, investors who wanted to enter the wind turbine market needed land suitable for their own turbines, and required between £250k to £600k of funding to buy and install a turbine. The new fund opens up the renewables market and enables private investors to share in some of the returns the small-scale turbines promise to deliver as energy costs rise.

“We are seeing a shift in perception in the UK as people realise that less imposing smaller scale turbines, usually on farms are starting to make a real impact on the UK’s generation mix,” said Mark Woodward, Earthmill operations director.

He added: “The UK has a looming shortfall in power generation, which can’t be met by new power stations alone. As the technology has evolved over recent years, the price of power has continued rising and the rewards for generating wind power have grown. We are seeing many landowners join the ranks of energy producers. The new fund opens the market up for investment by anyone, and communities can also get involved, sharing in the stable returns renewables offer to investors.”

Download



Comments


No comments posted yet. Be the first to post a comment

To post comment without approval login or register

Display name

Please enter your name

Email (optional)
Comment

Please enter your comment

Post Comment

Your comment submitted successfully.Please wait for admin approval.

Some error on your process.Please try one more time.



Jobs


17 February 2015
General Manager
You will be flexible to travel internationally where required and will essentially possess a full UK driving licence, with aw...

18 February 2015
Daily fun chef required for family of 4
The family have a specific diet, which includes no dairy or gluten and low sugar; A young family of 4 are looking for a passi...

16 February 2015
Apprentice Service Technician
Willow Farm Business Park. As an apprentice with HOMAG UK you will be following a structured training program which on succes...

18 February 2015
Customer Assistant - Dairy - Part Time
The Customer is at the heart of everything we do. It s your responsibility to ensure: Customers get the finest shopping journ...

18 February 2015
Counter/ Food Service Assistant
For example, nut, dairy or wheat allergies. To provide excellent customer service from food service counters in a busy presti...




Top stories you may have missed
2 February 2015 | Arable
Is EU membership damaging UK farming?

Is EU membership damaging UK farming?

Membership of the EU is damaging the British farming industry, according to...


29 January 2015 | Machinery and Equipment
Drones 'rapidly changing' agriculture

Drones 'rapidly changing' agriculture

BASIS has launched an accreditation for pilots of Unmanned Aerial Systems (...


23 January 2015 | Arable
UK wheat yields have potential to double

UK wheat yields have potential to double

UK wheat yields have theoretical potential to more than double over the nex...


23 January 2015 | Machinery and Equipment
Crowds flock to LAMMA 2015

Crowds flock to LAMMA 2015

Britain’s farmers flocked to Peterborough for the first day of LAMMA’15 to ...


22 January 2015 | Cattle
Don't blame supermarkets for milk crisis...

Don't blame supermarkets for milk crisis...

The crisis in the dairy industry is not the fault of supermarkets, accordin...


16 January 2015 | CLA
Families affected by HS2 face 'major wor...

Families affected by HS2 face 'major wor...

Transport Minister Baroness Kramer visited three rural businesses in Cheshi...


16 January 2015 | Machinery and Equipment
John Deere unveil new 6R tractor range

John Deere unveil new 6R tractor range

Spearheading the John Deere range of mid-size tractors from Mannheim, the n...


14 January 2015 | Animal Health
Monthly TB checks more effective than ba...

Monthly TB checks more effective than ba...

Regular testing for bovine TB could significantly reduce the number of infe...


12 January 2015 | News
Government regulations hampering UK agri...

Government regulations hampering UK agri...

Single-issue policy-making threatens to hamper, not help, the progress of U...


8 January 2015 | Cattle
2015: The year ahead for the beef market

2015: The year ahead for the beef market

2014 has been a “rocky old year” for the beef industry but better prices ar...