CARES Enablement Grant (BaT3 CSO) Monthly Report (30/06/20)
- EKREG's tender process for the BaT3 Legal and Financial Advisers has been put on hold until a Term Sheet is provided by SPR. This will allow a more focussed tendering process and also the new timelines in light of any Covid-19 impact on construction timelines once known.
CARES Enablement Grant (BaT3 CSO) Monthly Report (31/05/20)
EKREG Ltd sent out Invitations to Tender on 15 May 2020 for the provision of financial and legal assistance to support the potential community investment in the Beinn an Tuirc 3 windfarm development. The experienced independent advisors will advise the community on all financial and legal aspects associated with the investment, from the incorporation and setting-up of the correct community vehicle, assessing the investment proposition through to finalisation of the funding packages.
CARES Enablement Grant (BaT3 CSO) Monthly Report (30/04/20)
- EKREG Ltd have signed MoU with the CSO invited Community Councils (EKCC, WKCC, CCC) to act on their behalf in the CSO offer
- Initial Outline Community Share Ownership Offer received from Scottish Power Renewables
- EKREG Ltd have registered new Community Benefit Society Model Rules with FCA
Local Energy Scotland- Enablement Grant (BaT3 CSO) Success (14/04/20)
EKREG Ltd are pleased to announce they have been successful in their application for a Scottish Government Community & Renewable Energy Scheme (CARES) Enablement grant of £25,000. This funding will be used towards the costs for financial and legal advisors that the Community will need along with any set-up costs for the Community Investment Vehicle, should the Shared Ownership in Beinn an Tuirc 3 Term Offer from SPR be financially attractive to the Community.
Beinn an Tuirc 3 Teleconference with Scottish Power Renewables (SPR) (18/03/20)
Due to the developing Covid 19 crisis, EKREG along with representative from East/West Kintyre, Campbeltown and Arran Community Councils had to move to a teleconference with Scottish Power Renewables (SPR) and their financial advisors to discuss both community benefits and community investment in Beinn an Tuirc 3 Windfarm (now under construction). It was agreed that EKREG will be the engagement vehicle for SPR until such time as the community investment vehicle is established. If successful, this could be the first multi-community investment in a non-subsidy windfarm in Scotland
EKREG Meeting with Community Councils and Development Trusts (23/1/20)
EKREG held a very successful and constructive meeting with representatives from East Kintyre, West Kintyre, and Campbeltown Community Councils, as well as South Kintyre Development Trust, Carradale Community Trust and Machrihanish Airbase Community Company to update the communities on the work EKREG has been undertaking over the last 5 months and how we might best progress CSO. The presentation provided clarification on current discussions and the future pathway.
EKREG Ltd to lead Shared Ownership negotiations on behalf of local communities (11/12/19)
Agreements are now in place for EKREG Ltd to take the lead and explore community shared ownership opportunities in new/repowered local wind farm developments on behalf of East Kintyre Community Council (EKCC), West Kintyre Community Council (WKCC), Campbeltown Community Council (CCC) and South Kintyre Development Trust (SKDT).
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