Spirit of Lanarkshire Wind Energy Co-operative is an exciting opportunity for local people to own a genuine stake in two constructed commercial wind farms. Nutberry near Coalburn and West Browncastle near Strathaven (see map) have been built by renowned developer Falck Renewables who have offered co-operatives on all their Scottish Wind farms through a partnership with Energy4All.
Spirit of Lanarkshire ran the first tranche of a public share offer to raise £1 million to purchase its stake in Nutberry. The offer closed on 20th September 2013 having raised the full amount. The second tranche offer was re-opened on 21st September to raise a further £1.7 million to purchase its stake in West Browncastle. The offer finally closed on 21st March 2014 and was fully subscribed.
Based on P50 projections
Average annual return based over 25 year period is 9.92%
Based on P90 projections
Average annual return based over 25 year period is 8.56%