Public airings for Awel wind co-op venture
Wind power project owned by small investors: see the Carmarthenshire Herald, October 21
Wind energy co-op Awel has three public open evenings next week. The first is on Monday October 24 at Cwmllynfell Millennium Hall, the second on Wednesday October 26 in Pontardawe Arts Centre, and the third on Thursday October 27 in the Aelwyd yr Urdd building, Hall Street, Brynamman. All three sessions are from 7.30pm to 9pm.
The open evenings coincide with the arrival of turbine parts from Germany, through the port of Swansea. Awel, a community benefit society, is building two 2.35MW Enercon turbines on Mynydd y Gwrhyd south of Brynamman and between the Amman and Swansea valleys. The work is on schedule and should be finished by December.
The project is funded by share subscribers, who so far have contributed £1,354,236. The aim is to raise a total of £1,965,000, and a share offer is open until November 7. “Members can subscribe from £50,” said Awel director Carl Richards, “and it is one member, one vote”.
Subscription is for 20 years, but a request for the return of an investment can be made after three years. The projected rate of return is 5% a year, which is high in today’s environment of low interest rates.
Awel has made the final of the next Cynnal Cymru Awards, representing sustainable social enterprises. The Awel team, headed by project manager Dan McCallum, is also behind the solar panel co-op Egni, which puts solar photovoltaic panels on the roofs of public and community buildings, most recently in Carmarthenshire on Trimsaran Community Centre.