Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner.

Firm’s cash woes will not affect Saddle Hill turbine bid

Firm’s cash woes will not affect Saddle Hill turbine bid

A proposed windfarm on the border of Angus and Perthshire will not be affected by a company’s financial difficulties, it has been claimed.

Permission for the Saddle Hill (Black Hill) windfarm around 2.4 miles north-west of Kilry is due to be decided at a meeting of Angus Council’s development standards committee next month.

Campaigners against the project have claimed that difficulties at Wind Prospect, which is going into a period of restructure, would be unable to fulfil the project due to financial difficulties.

The firm has been forced to restructure its investments because of changes to green energy subsidies announced in the summer Budget, which cut renewable energy companies’ incomes.

But Wind Prospect has said all 14 turbines, of up to 115 metres in height, will be underwritten by EDF Energy Renewables.

Sarah Dooley, Saddle Hill project manager, said: “The Saddle Hill windfarm proposal is being developed by Wind Prospect Developments on behalf of development partner EDF Energy Renewables.

“It will be fully funded, owned and operated by EDF ER, should the project gain planning consent.

“Wind Prospect’s proposed restructure will therefore have no impact on the Saddle Hill project.”

The application was due to go before members of Angus Council’s development standards committee on August 4, with a large deputation of anti-windfarm campaigners expected to attend.

However Wind Prospect asked for a delay in determining the application, in order to resolve noise and private water supply concerns.

The application will now be heard on September 15.

Investors in a mini-bond issued by Wind Prospect Group, which promised returns of 7.5pc a year, recently had their interest payments delayed for a second time.

Bondholders had been due to receive an interest payment this month, but have been told to expect a three-month delay while the business restructures its investments.

Interest payments are due twice a year, in July and January.

This is the second time in as many years that Wind Prospect has delayed interest payments.

In January last year bondholders were told their income would be delayed by a month, but paid out a couple of days later.

Already a subscriber? Sign in

[[title]]

[[text]]