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Latest data from the turbine is that it generated 1,307 MWh from 1st Jan to the end of September this year. For the same period last year, the turbine generated 1,317 MWh.

The latest wind data published by BEIS (this is averaged across the UK) is that for the first 8 months of 2019 the average speed was 8.3 knots, compared to 8.2 knots in 2018, and 8.8 knots for their 10 year rolling mean.

So it looks like 2018 and 2019 are both low wind speed years (about 9% below average) although we don’t know what the rest of 2019 will bring.

Given the low wind speed, our turbine is generating well. If Oct – Dec this year are similar to last year, we should end up fairly close to last years 1,934 total, but let’s hope for a windy final quarter, it would be good to break the 2,000 MWh barrier.

Many thanks to all who have bought bonds through our current bond offer. We are at present just over the 50% mark towards our target of £200,000. The bonds will pay 4% interest, so a good way of investing ethically in community energy.

This bond capital will be used to refinance higher interest loans, which will leave us more surplus to be used to help support other commmunity energy projects across Wales.

Following from the successful bond offer we ran in April/May this year, we are about to launch another bond offer on the same terms. The money raised will be used to refinance our commercial loan, and because the interest rate will be less, it will provide us with more surplus to spend on supporting more community energy projects.

The interest on the bond will be 4% with an minimum application of £100. If you would like to invest, keep an eye on this website, or follow us on facebook, for news of the launch.

Thank you to all who bought bonds in our bond offer. The offer is now closed and achieved or target of £200,000 (the offer actually raised £200,700).

Our bond offer has been well subscribed, it has reached £185,900 of its £200,000 target so looking very likely to close early.

If you want to invest in our turbine and get a 4% return and help us save carbon, please do hurry to put in your application via our Bond Offer page.

Thank you to all the people that have subscribed so far.

 

We’ve had a great response to our bond offer, 14 days in and the total is £123,600. The offer will close early once it reaches the target of £200,000 so if you want to invest in Ynni Teg and get a 4% return, and support community renewable energy, get your application in quick.

Our new bond offer is now launched.

You can apply for bonds and get 4% interest, early withdrawal with no penalty, minimum investment just £100, but this bond offer closes on 27th May.

Find out more on our Bond Offer page. Easy application via an online form.

By buying bonds, you will be using your money to support community renewable energy and save carbon.

The turbine has so far generated 3,357,429 kWh since commissioning (as of 10th April) and 570,334 kWh in the first 3 months of 2019. This compares to 670,158 for the first quarter last year, the difference mainly being a very windy January last year compared to this year.

The turbine is maintaining a very high reliability, with its availability being 97.9% for the first three months this year.

The rolling 12 month average is still down on our central prediction in the share offer (1834 MWh compared to 2187 MWh) but this is still the effect of the very calm period in summer 2018. These statistics will mean much more when we have come through another summer, which this year we hope is a bit windier than last year.

Overall our financial performance is good, because although output is marginally down, the price we are getting for electricity is higher than the conservative estimate we included in our original model so our income is very similar to the amount we predicted.