Please watch our latest video to hear from members of our local community and our Directors on the benefits a Hydro Electric scheme can bring to the Island of Raasay!
We are a Community Benefit Society (registration number 8459) set up by the residents of the Isle of Raasay to build and operate two community owned run of river hydro-electric generation schemes which harness the combined potential of the 99KW Inverarish Burn Hydro and the 38KW Mine Burn Hydro.
We are doing this to build a sustainable and green future for our island.
The Raasay Community Renewables schemes are estimated to generate, on average, 520,000kWh of electricity each year.
The CO2 savings will equate to 127 cubic tonnes of CO2 emissions per year.
Conservative financial projections indicate that the schemes will generate a community benefit payment from 2024 of c£6k rising yearly to c£28k in 2031. The community benefit payments will continue to increase over the 20 years of the financial projections generating significant income which will be invested in community projects.
Developing the schemes has got the community thinking about our impact on the environment and the changes we need to make to safeguard it for future generations.
All consents have been secured. Planning permission has been granted by Highland Council, a water abstraction licence has been approved by SEPA and Scottish & Southern Electricity (SSE) has signed off on an export licence to enable generated electricity to be sold to the National Grid. Feed in Tariff (FiT) pre-accreditation is underway. Raasay Community Renewables has negotiated 40-year access rights to the land needed for the schemes from Forestry & Land Scotland, Scottish Ministers (the Department) and private landowners.
All leases/permissions being signed and all capital has been raised via 400 investors.
£307,700 towards the build and grid connection has already been secured through generous grants from the SSE Sustainable Development Fund and Scottish Hydro Electric Community Fund.
Find out about the latest news and developments about Raasay Community Renewables from our social media channels below.
Raasay Community Renewables Limited (RCR) is a Community Benefit Society registered with the Financial Conduct Authority (Reg. number 8459). Its purpose is to develop and operate community renewable energy projects on the Isle of Raasay. RCR is legally anchored to Raasay Development Trust, a local charity. This arrangement, underpinned by a Deed of Covenant, ensures all the profits from RCR’s projects are used for the benefit of the local community and our environment.
Raasay, Highland, Scotland IV40 8PA
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