Over £700,000 Raised as Urras Energy Society Exceeds Expectations
Urras Energy founder directors (from left to right Agnes Rennie, Carola Bell and Norman Thomson) presenting an SEIS certificate to local investor Maggie Mackay of South Dell, Ness.
Urras Energy has burst through it’s target for community share investment with the total raised standing at an impressive £705,800. This heralds a very exciting time for the Society in the months ahead with construction now underway and two additional wind turbines expected to arrive in the middle of the year to add to the rapidly growing community wind energy infrastructure across the Isle of Lewis.
The support from within the Galson Estate and the wider island community has been an essential driver in the project's success. A total number of 168 investors made contributions to this project with the average investment throughout the Share Offer sitting at £4,056 in contrast to much smaller amounts experiences in previous community benefit share offers in Scotland.
Founding member Agnes Rennie commented “I’m speechless! This clearly shows the support that exists for renewable projects which are founded on the best of community development and environmental principles."
Construction work has commenced at the turbine site in Baile an Truiseil on the West Side of Lewis with civil engineering work started on the 23rd of February for the seaward turbine hard standing and access road which is already ahead of schedule. The civil engineering contractor will then switch to preparing the access road and hard standing for the second turbine close to the existing turbine. Electrical works are due to start for both turbines at the end of May, followed by the arrival of the two turbines from Germany in late June. The turbines will be constructed in July and, hopefully, operational before autumn.