Braemar Community Hydro Ltd reaches finals of Scottish Green Energy Awards

Braemar Community Hydro Ltd (BCH) is a Community Benefit Society which has been formed to fundraise, construct and operate a 100kW community hydro scheme. The hydro scheme will generate clean, low carbon electricity from the Corriemulzie Burn on the outskirts of Braemar. Surplus income from the enterprise will go to a community benefit fund to be used for projects and worthy causes in the local community. Over the lifetime of the project it is envisaged that the scheme will generate £500,000 for this community benefit fund.

The main share offer went live in early May and reached the target of £800,000 required to construct and operate the hydro scheme within three months. The share offer was open to all, with Members expected to get a good return on their investment (estimated at 5.5%, rising to 8.5% with EIS tax relief) as well as supporting a great community enterprise.

The project has planning permission, a licence from SEPA, a grid connection offer and a lease agreement. The construction of the scheme started in mid September 2015 with electricity generation commencing in early June 2016.

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