Developer Banks Renewables has submitted the plans for the six turbine 20MW windfarm to Perth and Kinross Council.
Under the proposals, a community partnership would be created to provide 2.5 per cent of the gross annual revenue from the wind farm to local residents.
There would also be a guaranteed minimum payment of £5,000 per MW per annum, worth £2.5 million over the windfarm’s 25 year operating period.
The local community would have the opportunity to purchase up to a 5 per cent stake in the operating wind farm.
Colin Anderson, development director at Banks Renewables, said: “We have listened to extensive feedback and used that to shape our plans, so believe we have come up with the best possible proposal for this area.
“By taking a community partnership approach we’ll ensure that if the wind farm is approved, it will have a hugely positive impact on communities surrounding the site for a generation.”