YnNi Teg: fair energy for Wales
Wecome to the website of YnNi Teg (Welsh for Fair Energy)
YnNi Teg is a new Welsh community energy project with a newly commissioned wind turbine. Our 900kW EWT DW54 wind turbine near Carmarthen in south Wales was commissioned on time and budget on 2nd August 2017. It stands on a 40m tower, has a 56 metre blade span, and we are expecting it to generate about 2000 MWh of electricity per year (enough for about 650 homes).
Our mission is to help Wales develop a clean energy future, mitigate climate change by installing renewable energy generation, and to do this in a fair and democratic way by spreading the ownership and benefits across the community rather than concentrated in the hands of the few. YnNi Teg is a Community Benefit Society, meaning that anyone (aged 16+) can become a member by purchasing shares hence become a part-owner of a wind turbine.
We want lots of people, across Wales, across the UK and outside the UK, to buy shares to support us. By buying shares and becoming a member, you will be helping to mitigate climate change, helping to build stronger and more resilient communities across Wales plus you will get a fair rate of interest on your shares. Collectively we have the power to create a positive future for our children and we welcome you to join us in making this happen.
The construction phase of our turbine was paid for by using short term loans. We need to sell shares so that we can refinance and replace these construction loans (see our share offer page). We will be launching our share offer soon and would encourage anyone that wants to support community led action on climate change and renewable energy to buy some shares.
What we’ve raised so far
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YnNi Teg is a Social Enterprise registered as a Community Benefit Society. After we have paid fair interest to our member shareholders, all profit will be used for community benefit. This will be partly spent to benefit the local community around the turbine site, and partly to support the installation of more community based renewable energy in Wales. For more information, see the community benefit page.
Our intention is that this is just the first of many such projects that YnNi Teg will build, we will be looking for opportunities for more projects to help make community energy a significant contributor to a low carbon future and mitigating climate change.