Turbine loan option

RESIDENTS close to a proposed windfarm near Leadburn in Peeblesshire are being offered the chance to borrow around £700,000 through the operator’s financial provider to purchase one of the six turbines in the development.

According to Lomond Energy, which has submitted a bid for planning consent for the wind farm, this represents a third option for the affected communities to reap cash benefits from the scheme.

The money would be repaid over a 15-year-period.

Last year, the firm touted to the community councils in Eddleston, Lamancha and Howegate, just across the Midlothian border, the option of raising the money themselves for the single turbine. The third option is for the communities to benefit at the standard rate of £2,000 per installed megawatt per year.

Views on the options are sought before September.