Helensburgh Community Development Trust Our future in our own hands Ian Fraser15 August 2014

Wind power funds communities Neilston – town regeneration Gigha ‘Dancing Ladies’ - encourage incoming businesses Fintry – free insulation & woodfuel Ardrishaig – swimming pool, pipe band, pensioners group

Argyll and Bute - A Good Place to Live, Work, and Play? Feedback from A&BC Community Planning Partnership consultations 2013: Helensburgh & Lomond area concerns: facilities for young people in age group enabling and supporting businesses (especially start-ups) better quality and affordable housing more and better family leisure and entertainment facilities difficulties accessing further and higher education lack of local accident and emergency service seafront car park area needing redevelopment

Three equal partners in a Joint Venture Community support Land Expertise, Equity funding Heads of Terms agreement signed August 2013

Structuring the community’s share Helensburgh Community Development Trust -common good fund -registered charity since membership free to all residents of Helensburgh, Rhu & Shandon -trustees elected by members OWNS: Helensburgh Renewables -social enterprise company -directors appointed by HCDT -all income gift aided to HCDT IS A PARTNER IN: Helensburgh Community Wind Farm -3-way joint venture -directors appointed by each partner

Technical details 5 x 800 kW turbines Enercon E53 86m ground to tip height high reliability since 2006 Class III - suits lower wind speeds gearbox-less design Manufacturer servicing 97% warranted availability warranty for 15 years Connects to grid at Woodend 1.2 km from nearest house

The right turbine for the location World’s 4 th largest wind turbine manufacturer Family firm now owned by a foundation 30 years in the business Market leader in Germany since 1990s 22,000 turbines installed worldwide Average availability 98.5%+ ‘EPK’ service contract for inspection, maintenance and repair 15 year warranty Good track record as deployed by Green Cat Depends on selecting the correct turbine for the site

Financial overview Capital cost estimate £6.7 million largely loan funded – no public money involved Each partner takes one-third of profits HR receives a minimum of £40,000 even in poor wind years HR expected average income Years 1-5: £80-90,000 per year Years 6-10: £ ,000 per year Years 11-15: £ ,000 per year Years 16-20: £ ,000 per year

Revenues – key figures Re-estimated in light of Cove wind speed data conservative estimate of 6.7 m/s average wind speed leads to a turbine capacity factor of 32% Performance of other Green Cat wind farms with similar turbines House o’Hill: 37% capacity factor over 4 years Arkhill: 38% capacity factor in first year Sold via a 3-year rolling Purchase Price Agreement Selling price based on indicative PPA offer

Costs– key figures Over 80% of annual costs are for financing capital expenditure capital costs well defined by design studies and quotes Financing plan revised following Co-op Bank withdrawal new specialist lenders in market: Close Bros, Santander 15 year loan for 80% – indicative offer received 12 year secondary loan for 16% of capital expenditure remaining 4% is funded by the developer up front Operating costs include 15 year manufacturer’s maintenance warranty Reimbursements to partners after commissioning: HR - £40,000 a year community benefit Green Cat - annual fee for running operation Luss – annual rent

HCDT consultations Feedback Consultation carried out through exhibition events (Churchill, Pipe Band,… 4 talks (Probus, Grey matters..) ~300 people took active interest 66 feedback forms returned 64% supportive or very supportive small number very opposed, but very vocal most frequent response: ‘ I can’t see what the big fuss is about’