Gloucestershire

Community wind turbine farm site plan

People living in the Forest of Dean are being offered the chance to invest in a community wind turbine.

Resilient Energy wants to put the 500kW turbine - enough to power some 1,000 homes - at Great Dunkilns Farm, St Briavels.

The company said people who invest in the project will get a proportionate share of the profit made by selling the electricity to the grid network.

Twenty-year debentures are being offered with a £5 minimum investment.

Chris McFarling, from St Briavels Parish Council, said: "There are some people against it for various reasons and also some who are for it, and who are investing in it."

Bruce Davis, from Abundance, which is looking after the fundraising, said investors could expect a return of between 6.75% and 8% each year.

"The return is based on a share of the profits the farm makes and how much wind there is," he added.

Planning permission for the project was granted in March 2011 and the site is hoped to be fully operational by September.

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