An Artist Impression
of the scheme
The Project
Torrs Hydro New Mills Limited was established for the specific
purpose of owning the Torrs Hydro Electric scheme by Torr Weir on the
River Goyt in New Mills in the High Peak of Derbyshire. A share of the
revenue from the scheme will help Torrs Hydro achieve it's aim to help
regenerate the community and to promote the environmental sustainability
of the New Mills area.
The project was started in 2006 by
Water
Power Enterprises, a social enterprise whose mission is to set up
small-scale hydro plants and reducing carbon emissions. They approached
New Mills Town Council, who were very supportive of the scheme.
We believe we are the first community funded hydro electric scheme.
More details on who we are
To make the project happen we needed the money to build
the scheme. Some is coming from grants and loans but we completed a
public share issue in January 2008.
Shareholders now have their own page here
The next step
Work, managed for us by Water Power Enterprises, started
in March and it is scheduled to finish at the end of August.
The main contractor is Western
Renewable Energy
Follow the progress on our
blog
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