Urras Energy

Community Turbines

Crainn-ghaoithe na Coimhearsnachd

SMINIG ENERGY SOCIETY LTD T/A URRAS ENERGY SOCIETY IS A COMMUNITY BENEFIT SOCIETY

REGISTERED WITH THE FINANCIAL CONDUCT AUTHORITY NO: 7020

REGISTERED OFFICE: UOG BUSINESS CENTRE, TOM NA BA, SOUTH GALSON, ISLE OF LEWIS, HS2 0SH

2014

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Frequently Asked Questions

Please click on the link to download our FAQs leaflet.

 

 

 

 

IMG_0993 FAQs

Can I sell my shares ?

Shares are fixed in value and not tradable but can be sold back to Urras Energy at the discretion of the Board of Directors. However, anyone claiming the tax relief benefits, needs to retain shares for three years from the start of trading. After the first three years has passed, you must give three months’ notice if you wish to sell.

 

What other organisations are involved ?

There are two other parties closely involved: Galson Energy Ltd. and Urras Oighreachd Ghabhsainn. The wind turbines were built and are owned/operated by Galson Energy as a subsidiary of Urras Energy. Urras Oighreachd Ghabhsainn, as community landowner, will receive net profits to invest locally.

 

Who is on the Urras Energy Board ?

Initially, three trustees of Urras Oighreachd Ghabhsainn have been the directors. At the first AGM, additional directors from the membership will be appointed.