ISLANDERS on Raasay are selling shares to raise £650,000 so they can build two hydro-electric schemes.
The hydro projects on the Inverarish and Mine burns will together generate enough power for about 130 homes.
Ross Gillies, a director of Raasay Community Renewables, the body behind the schemes, said: “We have raised over £300,000 in grants to support the build and we need a further £650,000 to bring the project to completion.
“The community share offer is a fantastic opportunity to invest in social and environmental causes and see a financial return for your support in the years to come.”
Raasay, which lies between Skye and Applecross, is home to about 170 people.
Investors from Raasay can buy shares from £125, while the minimum investment for those living off the island is £375.
Read more stories on Scottish Field’s news pages.
Author
TAGS
FOLLOW US
