Benefits of Baywind
All profits derived from electricity generation are paid back to the shareholders. Since the formation of Baywind in 1996 members have received a competitive return on their investment; between 5.6% and 6.6% gross. Under the government's Enterprise Investment Scheme, most members can claim back 20% tax on their initial investment in the co-op thus increasing the return to between 7% and 8.2%. The co-op has a minimum shareholding of 300 and a maximum of 20,000.
Returns to Members
| Year |
Financial Year End |
Gross |
EIS Gross |
| Year 1 |
to 31/12/1997 |
Nil |
Nil |
| Year 2 |
to 31/12/1998 |
6.2% gross |
7.8% gross |
| Year 3 |
to 31/02/1999 |
6.6% gross |
8.2% gross |
| Year 4 |
to 31/12/2000 |
6.4% gross |
7.9% gross |
| Year 5 |
to 31/12/2001 |
5.6% gross |
7.1% gross |
| Year 6 |
to 31/12/2002 |
6.1% gross |
7.6% gross |
| Year 7 |
to 31/12/2003 |
* 3.8% gross |
4.8% gross |
| Year 8 |
to 31/12/2004 |
6.3% gross |
7.8% gross |
| Year 9 |
to 31/12/2005 |
7.2% gross |
9% gross |
| Year 10 |
to 31/12/2006 |
6.6% gross |
8.3% gross |
| Year 11 |
to 31/12/2007 |
8% gross |
10% gross |
| Year 12 |
to 31/12/2008 |
6.6% gross |
8.2% gross |
* First full year of Energy4All
Baywind has proved over the last 6 years that this structure can be commercially successful and can bring major benefits to the local community:-
The co-op uses local contractors for site development, maintenance, and support.
