Broompower Hydro Scheme reaches £900,000 community shares target!
Supported by Community Shares Scotland, we're delighted that Broom Power hydro scheme in the Highland town of Ullapool has reached its community shares target of almost £1million!
The scheme will see the hydro power of the Allt a’ Mhuilinn burn south of Ullapool used to generate electricity which will be sold to the National Grid, generating income for community projects for the next 20 -40 years.
Tim Gauntlett, Chair of BroomPower, said:
“This is a magnificent result for the volunteer directors and supporters of BroomPower. The whole area of Ullapool, Loch Broom and beyond has responded to the call for community engagement and given this project a financial boost of confidence. It has ignited the imagination of people from across the UK and that also helped us to reach our target of £900,000. At a time of austerity and uncertainty, it is breathtaking that people have invested so much of their money. Maybe it is the simplicity of green energy, combined with a small community seeking to provide for itself, that has inspired investors”.
Well done team - fantastic effort!