Apple Juice (Applecross) Limited is a Community Benefit Society which has been formed by local people to fundraise, construct and operate our 90kw community hydro scheme. The hydro scheme will generate clean, low carbon electricity from Allt Breugach, a burn which flows from the hills behind Shore Street into Applecross Bay. Surplus income from the scheme will go to Applecross Community Company to be spent on projects identified through consultation with the community. It is estimated that the scheme will generate a gross income of £106,356 in its first full year.
The share offer goes live on 17th October and is open to all, with members expected to get a 4% return on their investment and the opportunity to benefit from tax relief, as well as supporting a great community initiative. The aim is to raise a total of £780,000 as quickly as we can.
Construction started on the scheme on 3rd August and is making rapid progress, thanks to a unique arrangement with our contractors, hydro engineers HighlandEco Design Ltd. Electricity generation will start in early December this year.