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greatharwood · 22-12-2012, 23:37

Neil,
Regarding the £5m, I was taking into account match funding that would be available from other sources. I'm sure you are aware that this is how many charities accumulate funds to do their work. So £100,000 x 25years = £2.5m + £2.5m (match funding) = £5m.
Energiekontor quoted the £100,000 figure in their Project Update April 2009, a figure which has not been disputed by Energie or Prospects when it has appeared in the local press, This equates to £3,500 per installed megawatt (i.e.the design capacity of the turbine, not the actual amount of power supplied.)
As you say there is an annual inflation increase written into the agreement, so we could say Prospects have the prospect of a steady annual income which over the next 25 years will have totaled £5m + inflation.
I may have missed it, but I query whether any other organisation, along with Prospects, was considered to oversee the spending of this significant amount of community money.

Of course this will be indirectly added to all our electric bills, but I don't think we need to go down that road on this thread.

22-12-2012, 23:37	#60
greatharwood Junior Member+ Join Date: May 2008 Posts: 18 Liked: 0 times Rep Power: 0	Re: Oswaldtwistle Moor Neil, Regarding the £5m, I was taking into account match funding that would be available from other sources. I'm sure you are aware that this is how many charities accumulate funds to do their work. So £100,000 x 25years = £2.5m + £2.5m (match funding) = £5m. Energiekontor quoted the £100,000 figure in their Project Update April 2009, a figure which has not been disputed by Energie or Prospects when it has appeared in the local press, This equates to £3,500 per installed megawatt (i.e.the design capacity of the turbine, not the actual amount of power supplied.) As you say there is an annual inflation increase written into the agreement, so we could say Prospects have the prospect of a steady annual income which over the next 25 years will have totaled £5m + inflation. I may have missed it, but I query whether any other organisation, along with Prospects, was considered to oversee the spending of this significant amount of community money. Of course this will be indirectly added to all our electric bills, but I don't think we need to go down that road on this thread.