Second Scottish housing association to build wind turbines for community benefit

After ten years of development, Fyne Homes has today announced plans to build a three-turbine development in Argyll and Bute that will generate £15.6 million of community and charitable benefit over the next 20 years.The 6.9-megawatt windfarm will produce enough clean energy to power around 4000 households and is only the second project of its kind.A wind farm in the Scottish Borders which will create enough revenue for Berwickshire Housing Association (BHA) to build 500 new homes over the next 25 years was officially launched last year.The wind energy project will be built with a £11.4m investment from Triodos Bank, which was chosen as financial supporter due to the its experience in renewable and social lending. Triodos was also involved in the BHA project.The Scottish Investment Bank, the investment arm of Scotland’s enterprise agencies, has also provided £2.82m of investment for the project via the Renewable Energy Investment Fund. Initial support for the project was provided by the Community and Renewable Energy Scheme.