Renewable Energy Generation Relief Application Form - where Community Organisations have investment / profit share
This relief may be applied for if there are arrangements in place which give a community organisation or community organisations, in return for investment in the project by that organisation or those organisations entitlement to a sum equivalent to:
(a) At least 15% of the annual profit of the project; or
(b) So much of the annual profit of the project as is attributable to 1 megawatt of the total installed capacity of the project (or more).
The project is solely concerned with the generation of heat or power (or both) from the following sources:
- a. biomass;
- b. biofuels;
- c. fuel cells;
- d. photovoltaics;
- e. water (including waves and tides, but excluding production from the pumped storage of water);
- f. wind
- g. solar power;
- h. geothermal sources;
Note: Combined Heat and Power (CHP) systems are only considered to be renewable if they use the sources of energy listed above and have an electrical capacity of 50 kilowatts or less.