Welcome to the Point and Sandwick Trust website.
The Annual General Meeting of Point and Sandwick trust will be held on Tuesday 21st November 2017 at 7.30 pm in Ionad Stoodie.
All Members are welcome.
Donald John MacSween General Manager PST
Point and Sandwick Trust is a charitable trust which has developed the UK’s largest community-owned wind farm, at Beinn Ghrideag on the Isle of Lewis.
The Trust was started in 2005 with the aim of using income from renewable energy to invest in the social, cultural, educational and environmental well-being of the communities of Point, Sandwick and the Western isles.
The districts of Point and Sandwick include some 16 crofting communities located between the town of Stornoway and the tip of the Point peninsula. Every voter registered in the districts is eligible to become a member of the Trust, and the members elect the governing Board at the AGM.
The Trust has a trading company, Point and Sandwick Power, which has built the 9MW Beinn Ghrideag wind farm on common grazings land west of Stornoway. The land is owned by the crofters of Sandwick North St township and the Trust is very grateful to them for their unwavering commitment to the wind farm project from its inception in May 2005 to its completion ten years later in May 2015.
All the profit from the wind farm is remitted annually to Point and Sandwick Trust to be reinvested in projects which benefit the people of Point, Sandwick and the Western Isles. The Trust carried out an intensive community consultation in 2012 which resulted in a community investment plan for the years 2015-2020. We plan to carry out a similar community consultation in 2019 to learn the lessons from the first investment round and to decide the investment priorities of the second five-year plan.
The wind farm has cost £14.6 million to develop and construct, of which £900,000 was granted by the Big Lottery and the remainder is funded by commercial loans from Santander Bank, the Scottish Investment Bank and Social Investment Scotland.
The Trust is very grateful for the unstinting support it has received both from its funders listed above and also from its key technical, legal and financial advisors, SgurrEnergy, HBJ Gateley and Mann Judd.
We are also very grateful for the excellent work by our main contractors on the Beinn Ghrideag wind farm, RJ Macleod, Enercon and SSE, and by their sub-contractors.
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