Farmers entitled to wind farm payout

A farmer co-operative which invested €1.2m in a wind farm company is entitled to be paid arrears of dividends over a three-year period, the High Court has ruled.

The precise sum will be decided later, but some €504,000 has been claimed.

The Clonakilty-based co-operative had claimed it was entitled to €504,000 in dividend arrears, but that was opposed by Tralee-based Muingnaminnane Windfarms Ltd (MWL), which argued it had insufficient profits and, therefore, could not lawfully pay dividends.