FINAL PUSH TO RAISE MINIMUM SHARE OFFER TARGET

Plea made to raise final £30,000 of Uist Wind project

An urgent plea has been made to potential investors to buy shares in the UistWind community wind farm project to aid in helping the community project to reach its yearly fundraising total of £350,000.

The project is seeking to raise £2.33million for the community over the project’s projected lifespan of 22 years, with the profits going straight back to the community via North Uist Development Company’s charitable activities.

The total cost of the project is to cost around £3.5million with two turbines being placed at Criongrabhal, near Clachan-na-Luib, with the majority of the project being funded through £2.5 million loan coming from Triodos Bank. A further £650,000 has been made available through a loan from the Energy Investment Fund.

Mustapha Hocine, chairwoman of the North Uist Development Company, said: “It’s been years and years of work and struggle but hopefully we can see the light at the end of the tunnel – it’s just a question of that final push to get there. Although we can see it, we’re not there yet."

See: https://www.pressandjournal.co.uk/fp/news/1630017/plea-made-to-raise-final-30000-of-uist-wind-project/