Share offer funds wind turbine in Larne

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Northern Ireland’s first community-owned wind energy co-operative has been given the green light following a successful public share offer which raised £1.6 million – enough to build two 250kW wind turbines.

One will be located in Larne and the other at Pomeroy.

The funds were raised by Drumlin Wind Energy Co-operative after its launch in June when it first offered the chance to invest between £250 and £20,000 in the scheme.

The public share offer succeeded in raising the minimum funds required for the project to proceed and Drumlin is extending the investment deadline until November 30 in order to raise capital to build three or more turbines.

Director David Morrow said: “We have been delighted with the interest in this unique investment opportunity which offers a new and progressive model for doing business, one where local people reap the benefits and the profits stay within the local community.”