SHETLAND Islands Council (SIC) has so far earned almost £137,000 from leasing its Busta Estate to wind farm developer Viking Energy.
The figure was revealed in a recent report that was presented to a meeting of the council’s policy and resource committee.
The income of £136,713.89 to the SIC is just over half of a total payment of £267,152.18 the wind farm developer has made in 2020/21 for 18 turbines to be located on the publicly-owned 1,200-hectare Busta Estate.
The remaining £130,438.29 will be distributed to the estate’s crofting tenants depending on individual shares in common grazings.
Based on a current rate of £14,841.79 per turbine per year, Viking Energy has made payments of just over £1.5 million to the owners of the twelve estates and land holdings the 103-turbine wind farm is being built on.
Work on constructing the controversial wind farm started last summer.
Once completed, currently envisaged for September 2024, the annual base rent will be topped up with a payment depending on electricity output.
Become a supporter of Shetland News
Shetland News is asking its many readers to consider start paying for their dose of the latest local news delivered straight to their PC, tablet or mobile phone.
Journalism comes at a price and because that price is not being paid in today’s rapidly changing media world, most publishers - national and local - struggle financially despite very healthy audience figures.
Most online publishers have started charging for access to their websites, others have chosen a different route. Shetland News currently has over 440 supporters who are all making small voluntary financial contributions. All funds go towards covering our cost and improving the service further.
Your contribution will ensure Shetland News can: -
- Bring you the headlines as they happen;
- Stay editorially independent;
- Give a voice to the community;
- Grow site traffic further;
- Research and publish more in-depth news, including more Shetland Lives features.
If you appreciate what we do and feel strongly about impartial local journalism, then please become a supporter of Shetland News by either making a single payment or monthly subscription.
Support us from as little as £3 per month – it only takes a minute to sign up. Thank you.Support Shetland News