Along the Pentland Road, 25 May 2017

Friday, 15 January 2010

Community benefit?

Hebrides News has published an article, outlining the benefits to be bestowed on the community of South Lochs through the construction of the Muaitheabhal Project, better known as the Eishken Windfarm. These benefits will leave South Lochs out of pocket to the tune of £6.9m. Let me explain

Initial expenditure
Four turbine sites in the windfarm: £0
Four turbine towers: £18.5m
Contribution to Western Isles Council development fund: £11.5m
Total initial expenditure: £30m

Income
1% of income of main windfarm: £8.75m
Revenue of own turbines: £21.6m

I should clarify that it is unclear whether the above two figures are per annum or over the lifetime of the project
Total income: £30.35m

Contribution
Contribution to Western Isles Council Development Fund: £7.2m (1/3 of revenue, as above)

Net income for Muaitheabhal Community Trust
-£6.9m

No comments:

Post a Comment