ATTIX CIC secures £5.6 million in blended finance for 2.5 MW community-owned wind project in Kilbirnie, Scotland
ATTIX CIC secured £5.6 million in blended finance, including £1.6 million from Social Investment Scotland and £4 million from Community Energy Catalyst (managed by Thrive Renewables in partnership with Better Society Capital), for its 2.5 MW community-owned wind project in Kilbirnie. The project also received support from Local Energy Scotland and grant funding from Great British Energy and the Scottish Government via CARES.
Counterparts (7)
Deal Analysis
- Blended finance structure combining social investment, dedicated community energy funds, and government grants.
- Focus on a community-owned onshore wind project, promoting local energy benefits and ownership.
- Collaboration of diverse public, social, and private capital providers, including Great British Energy and Social Investment Scotland.
- Support for smaller-scale renewable energy development in Scotland, demonstrating a viable model for distributed generation.
Source Intelligence
The project is Scotland’s first community-owned development to operate commercially without long-term government subsidies. All profits from electricity sales will go into Radio City’s programme of sustainable development projects, including an Employment Hub, sustainable transport, addressing health and educational inequalities, upgrading sports facilities, and assisting with fuel poverty. The project also received grant funding from Great British Energy and the Scottish Government via CARES. ATTIX CIC is asset locked to Radio City Association Ltd. Radio City Association is also developing a small-scale hydro site as part of its wider ‘Electric Valley’ sustainability project. Quote: "The Kilburnie wind turbine has completed its first full week of operations, becoming Scotland’s first community-owned development to operate commercially without long-term government subsidies." "Additionally, the development will deliver over 3,000 tonnes of carbon emissions reductions annually." "The project will directly benefit local causes, with all profits from electricity sales going into Radio City’s programme of sustainable development projects that address the need for capital investment in a new Employment Hub, offering employment and training opportunities for local people, improve sustainable transport opportunities and help to address health and educational inequalities locally, as well as upgrading local sports and recreational facilities." "It will also support the charity’s ongoing work to address the substantial fuel poverty in its community through assistance with energy vouchers, distribution of halogen heaters and electric blankets, as well as one to one advice to combat and reduce peoples’ energy bills." "The project has also received a combination of Great British Energy and Scottish Government grant funding via CARES." "ATTIX CIC is a Community Interest Company established and asset locked to Radio City Association Ltd to develop the community turbine in Kilbirnie." "As well as this onshore wind turbine, Radio City Association is also developing its wider ‘Electric Valley’ sustainability project including working with Scottish Water in the development of a small-scale hydro site."
"Allan Wilson, Director of ATTIX CIC. ... ATTIX CIC is a Community Interest Company established and asset locked to Radio City Association Ltd to develop the community turbine in Kilbirnie."
"£1.6 million in social investment from Social Investment Scotland"
"£4 million from Community Energy Catalyst, a £40 million facility managed by Thrive Renewables, in partnership with Better Society Capital."
"a £40 million facility managed by Thrive Renewables, in partnership with Better Society Capital."
"managed by Thrive Renewables, in partnership with Better Society Capital."
"Local Energy Scotland supported the project through planning and design with a loan from the Scottish Government’s Community and Renewable Energy Scheme (CARES)."
"Local Energy Scotland supported the project through planning and design with a loan from the Scottish Government’s Community and Renewable Energy Scheme (CARES). The project has also received a combination of Great British Energy and Scottish Government grant funding via CARES."
"The project has also received a combination of Great British Energy and Scottish Government grant funding via CARES."
"all profits from electricity sales going into Radio City’s programme of sustainable development projects... ATTIX CIC is a Community Interest Company established and asset locked to Radio City Association Ltd to develop the community turbine in Kilbirnie."
Global Infrastructure Sherpa