With construction of the community wind turbine at Blackshaw Head already underway, the closing date for share applications is fast approaching. Applicants have until July 31st to register for shares in Pennine Community Power’s 10kW wind turbine project.
Director Dr Mark Simmonds explained how the project is progressing. “The share offer is going well with a lot of interest from the community within Blackshaw Head and further afield. The foundations for the turbine are being constructed this week with the aim of having the turbine generating power in September. The project is really building momentum now and its great to be part of it!”.
Shares will be paid back over 15 years with an interest rate of 4%. The remainder of the revenue will be distributed to local community projects.