Testing the turbine
Just a quick post to say – yes, the turbine turns and can generate electricity!
Turbine turns for first time
The turbine was finally turned for the first time on 30th October!
Click here to see the turbine being tested.
Commissioning of the turbine is set for 12th November – not long now.
Last chance to buy shares in current share issue
As we expect to be exporting electricity from November, the Directors have decided to close the current share issue on Wednesday 31st October. This will be your last chance to buy shares or increase your shareholding under the terms outlined in the current prospectus. Any future share issues will have less favourable terms as there will be less risk involved once we are generating.
Once we have been trading for four months we will be applying for the share issue to be part of the Enterprise Investment Scheme, which means that if you’ve invested £500 or more in any tax year you would be eligible for 30% tax relief on the cost of your shares.
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