Cornwall village Ladock generates green energy profit
A village in Cornwall that installed green energy devices a year ago is distributing £20,000 profits to the local community.
Ladock has modified 12 buildings, including homes, with solar panels, biomass boilers, ground-source and air-source heat systems.
The profits have come from national grid feed-in tariffs, which are paid to UK producers of renewable energy.
The village is also considering hydro-electric energy systems.
Low Carbon Ladock was formed in Autumn 2010, after Ladock and Grampound won £500,000 in a government-run competition, the Low Carbon Communities Challenge.
Its first profits are being allocated to Grampound Road playing field, a safer road crossing at Ladock School and more renewable energy devices in local homes.
Group chairman Chris Jones said: "We hope our donation to the community will be that kind of order every year.
"We are trying to increase our ability to earn money and benefit the whole community as well."
He said it was now working with a not-for-profit wind turbine company to build a turbine that could earn the group £25,000 a year.
The government wants to halve the feed-in tariff payments made to households with renewable energy sources because it says they are unsustainable.
However, Mr Jones said that would not affect the group's profits.
He said: "The cost of solar energy is coming down, so the ratio of what you spend and earn is quite similar."