News / SSE fund
POWER company Scottish & Southern Energy has announced details of a new Scotland Sustainable Energy fund that could be worth more than £90 million over 25 years.
The fund will be available for organisations promoting skills development, community energy schemes and improving the built and natural environment.
The fund is in addition to the £150 million SSE has already committed to support community projects in Scotland over the 25 year projected lifetime of the company’s existing and planned wind farms.
SSE’s current policy for awarding community funds is based on the installed capacity of its onshore wind farms, which are under construction or already operating and is worth up to £2,500 per annum for each megawatt of generation capacity.
The commitment will increase the value of SSE’s investment to the equivalent of £5,000 per megawatt for all new onshore wind farms constructed in Scotland from 1 January 2012.
This will comprise £2,500 for local community initiatives and £2,500 per megawatt for the new Scotland Sustainable Energy fund.
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