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Another community hydro - Lochaber
Posted: Fri Aug 27, 2021 12:51 pm
by AE-NMidlands
I have just had an email advertising it:
Dear Supporter,
We are delighted to announce that the LEG Power Lochaber share offer is now live and we thought this may be of interest to you. We are pleased to announce that we are now issuing the share offer to raise £1,880,000 for the construction of a 100% community owned 547kW hydro scheme located in Glehachulish in Scotland.
Energy4All are supporting this society with their share offer.
The closing date for this offer is 30 September 2021. .
Highlights of the offer:
The offer is seeking to raise a maximum of £1,880,000
Minimum investment £100
Maximum investment £50,000
Share interest on investment starts at 4% and equity returned over 20 years
Surplus profits for community benefit
Click the links below for full details of the scheme, the share offer and how to invest.
Download Share Offer Document including Terms & Conditions
Online Application Form
Link to LEG Power Website
Let's hope it is running in time to get the FITs - Sept 2022 is the cut-off and they say
The contractor has confirmed that it has the capacity available to complete construction
of the Project within the Feed-in Tariff (‘FiT’) deadline. Nevertheless, if there is a material delay in construction or the
delivery of the turbine (which is being shipped from the Czech Republic and due to be delivered in April 2022), resulting
in commissioning of the Project occurring after 30 September 2022, the Project will not qualify for the FIT which
constitutes rather more than half of its projected income.
Re: Another community hydro - Lochaber
Posted: Fri Aug 27, 2021 1:33 pm
by Joeboy
Makes it a whole other thing if they can't get the FIT. I'll pass on this one sadly.
Re: Another community hydro - Lochaber
Posted: Fri Aug 27, 2021 5:18 pm
by GarethC
It's Glenachulish. Always unfortunate to manage a typo in the first paragraph. I'll go an check it out next time I visit my folks. I was running up there last week, and have a fair idea where it must be going even before reading the docs (which I'll do now)
Re: Another community hydro - Lochaber
Posted: Fri Nov 10, 2023 7:30 pm
by SporranMcDonald
A quick update on this project - of which I am a co-operative member.
It did get up-and-running ( Autumn 2022 ), just in time to qualify for the ongoing FIT payments.
General performance : as projected, with a few months over and a few under during the year.
Some bad news : 18th Sep 2023 - a sound baffle on a manhole/inspection cover fell down into the main flow pipe - which flooded the powerhouse around 1 metre deep. Ongoing efforts to repair and get back into action - with Loss Adjusters and Insurers.
Good news : Income stream is covered by Business Interruption Insurance.
Fingers-crossed for a speedy return to full power.
Re: Another community hydro - Lochaber
Posted: Sat Nov 11, 2023 7:53 am
by GarethC
Great that it's up and running. Will go for a nosey next time I'm in Ballachulish. Hope gets fixed soon. Thanks for the update.
Re: Another community hydro - Lochaber
Posted: Tue Jan 23, 2024 2:59 pm
by SporranMcDonald
UPDATE by email : 23rd Jan 2024
Dear Member
Flood damage to the generation system
The Board is pleased to bring you an update on the repair work of the generator system and powerhouse following the flood event. Much has been happening since the breakdown in September 2023 and the AGM update in October.
Let’s start with the very best part of the news. We are generating again. By the end of November 2023, we were in a position to begin trials with the repaired generator. They went well and the system progressed to full power generation in December. Encouragingly, no problems have been encountered and the generation achieved (kWh) exceeded the budgeted output for the month. We are cautiously optimistic that we can now continue uninterrupted generation throughout the year.
< Edited : . . . . Some details removed . . . .by me >
Some minor work remains to be completed, but essentially the scheme is now back up and running. Long may it continue.
Regards
XXXXXXXXX
Chair
LEG Power Lochaber Limited
Re: Another community hydro - Lochaber
Posted: Wed Jan 24, 2024 3:50 pm
by dan_b
Superb news.
Any photos you can share of it?
Re: Another community hydro - Lochaber
Posted: Wed Jan 24, 2024 6:49 pm
by SporranMcDonald
dan_b wrote: ↑Wed Jan 24, 2024 3:50 pm
Superb news.
Any photos you can share of it?
Scenic location . . . .
https://legpower.coop/gallery/