Fintry Renewable Energy Enterprise
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Fintry Renewable Energy Enterprise

NEWS

September 2004

Consultants confirm project feasibility

A feasibility report produced by renewable energy consultants Renewable Devices Ltd and funded by the SCHRI, concluded that the Fintry turbine has long-term financial feasibility.

The report predicts that there will be a positive cashflow of £50,000 in the first year of operation, rising to £770,000 in the final year (year 20), and that the gross return over the life of the turbine will be more than £8,000,000 - over 8 times what can be expected from the industry standard community benefit payments.

The report was based on an investigation into the five key factors to feasibility -

  • The capital cost of the installed wind turbine
  • The debt to equity ratio negotiated with the bank
  • The amount of funding available to the organisation
  • The wind resource on the community wind turbine site
  • The value of the electricity generated by the wind turbine