Small Wind Co-op adds 2 turbines

The Small Wind Co-op has completed a second bond offer and now has the funding in place to complete its planned addition of 2 operational turbines in England to its existing turbines in Scotland and Wales.

This expansion brings 450kW more wind generation with UK co-operative ownership and will enable SWC to create a new community fund in the ex-mining area near the turbines. It’s also a strategic move which¬†will help SWC to spread its administrative costs over a larger portfolio. In turn that will support SWCs plans to develop some new sites. The margins are extremely tight now there is no longer any subsidy for onshore wind, so economies of scale will be essential if any new medium-scale wind is to be built in the UK over the coming years.