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What are the benefits of Whalley Hydro?

Posted at 21/11/2013 | By : | Categories : News / Blog | Comments Off on What are the benefits of Whalley Hydro?

It will:

  • generate green electricity.
  • contribute to energy security, helping us to be more resilient in the face of problems of energy supply.
  • contribute to reducing our reliance on fossil fuels and carbon emissions.
  • be owned and run by local people as a social enterprise.
  • provide income which will be distributed locally to increase renewable energy supplies e.g. for community buildings and people in fuel poverty.
  • be available for parties of school children to visit where they can see working machinery which is an unusual experience these days.
  • provide internet links for schools to use information online, such as power output, for use in the curriculum.
  • be a visitor attraction bringing tourists to the area.
  • preserve the historic 600 year old weir, built by the monks who built the abbey.
  • facilitate the movement of fish upriver through the fish pass.
  • provide a dividend for investors of 3-5%, rising to 6.9% for tax payers eligible to claim tax relief under the Enterprise Investment Scheme (EIS).


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