Kype Muir - Community Partnering

The Kype Muir Community Partnership is supported by the following financial commitments:

  • Total contribution of 1.5 per cent of the gross annual revenue generated by the wind farm
  • Underwritten by a Guaranteed Minimum Payment, based on £5,000 per MW installed (index linked)

Installed Capacity

Lifecycle 1.5% gross revenue*

Annual Average of 1.5% gross revenue*

Annual Guaranteed Min (£5,000 per MW)

Lifecycle Guaranteed Min (£5,000 per MW)

88.4MW

£16,376,000

£655,040

£442,000

£11,530,000

The development also see’s the role out of Connect2Renewables, an initiative between the communities, Banks Renewables and South Lanarkshire Council that seeks to maximise the social and economic benefit of the development to the local area. This will be achieved through:

  • Commitments from us to deliver a certain percentage of the contracted construction value to companies local to the site
  • The community partnering proposal set out above
  • It is proposed that over the first five years of the wind farms operation a minimum of £2,500 per MW per annum taken from the overall community benefit package is placed into an employability initiative to be administered by South Lanarkshire Council for the benefit of the communities of Strathaven, Stonehouse, Lesmahagow and Sandford and Upper Avondale. This fund would be created to help provide opportunities for local people to gain workplace learning placements aimed at improving their employment credentials

 

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Thank you for supporting our Community Partnering proposal. Please enter your details in the form below and let us know your reasons for supporting Community Partnering in the free text box below. Some examples are:

The information in this form will be emailed to the Banks Group and may be passed on to the relevant planning officer.

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