Wind Direct (part of the Infinite Renewables group of companies) forms an exciting new Joint Venture with Sirius Group to develop its portfolio of wind power schemes
Infinite Sirius Ltd is the JV vehicle established to develop the impressive pipeline of Wind Direct projects. The complimentary skills from both companies will enable a large number of projects to be taken forward with funding partner Albion Community Power over the next 12 - 24 months.
Wind Direct, now part of the Infinite Renewables group of companies- is a specialist developer, operator and owner of large scale – fully funded – wind turbine solutions for on-site generation of low cost, 100% green electricity. Wind Direct, acquired by Infinite Renewables in May 2014, has established itself as one of the leading developers of wind power schemes on both Industrial and Brownfield sites in the UK. This success extends to 26 consented projects totalling 50MW and a large portfolio of pipeline projects. Iestyn Morgan, Director of Wind Direct said – ‘the JV with Sirius is very much a strategic partnership which will enable a larger portfolio of wind power schemes to be developed and built over the short, medium and long term. The partnership allows us to accelerate project development on a sustainable basis ’.
The Sirius Group is a multi-disciplinary group with specialist brownfield consultancy and contracting capabilities. Established in 2003, Sirius has grown rapidly over the last 10 years with a turnover of £29 million and a team of over 180 staff. Pat Kane, Group Director said – ‘the new JV with Infinite Renewables provides The Sirius Group with an opportunity to accelerate its interest in owning and operating wind turbine assets This has become a key objective of The Sirius Group's strategy for growth and expansion in the renewable energy sector”.
Construction finance for these projects will be provided by Infinite Renewables existing funding partner Albion Community Power. Albion Community Power (ACP) plc is a power generation company seeking to develop community-scale renewable energy projects. ACP was established by Albion Ventures, which has a strong expertise in renewable energy projects Albion Ventures is one of the UK’s largest VCT managers, managing six VCTs with net assets of approximately £270m. To date, Albion Ventures has invested or is in the process of investing over £50m million in renewable energy projects. Albion Ventures is working with project partners Infinite Renewables on a number of wind energy projects which will be suitable for ownership and operation by ACP. David Gudgin, Managing Director of ACP said ‘we are very excited about this new JV between Infinite Renewables and Sirius Group. This will enable us to deploy further funding to wind energy projects and will build on the 5 operational schemes and 2 schemes under construction that we have already taken forward with Infinite Renewables’.
Today on-site generation specialist, Wind Direct, has announced its completion of a sale of the 1.5 megawatt (MW) Collier Wind Energy Scheme to Infinite Renewables.
The scheme, which was brought to planning consent by Wind Direct, will be built on the Collier quarry site in Dunfermline. Once commissioned, it will have the capability to generate up to 23% of the electricity required to power Collier Quarrying & Recycling Ltd as well as help the business reduce its reliance on fossil fuels.
Building work on the 100 metre turbine will commence in the next month with completion due before the end of the year.
This sale marks the beginning of an important new partnership between Infinite Renewables and Wind Direct, with Infinite Renewables taking the lead on driving forward the current and new projects in the Wind Direct pipeline which includes over 20 new sites nationally with a potential generation capacity of 50MW.
Infinite Renewables director, William David, said: ‘We are delighted to be constructing one of the first 1.5MW schemes out of the Wind Direct pipeline. This exciting merger of Infinite Renewables and Wind Direct will position us as a leading developer in the UK market. Wind Direct has a wealth of experience in delivering on-site renewable power solutions for many of the UK’s energy intensive industries. Working together we can further strengthen the Wind Direct brand and trigger the development of many more sites.’
Wind Directs’ Head of Sales and Commercial, Guy Lavarack, added: ‘Infinite Renewables is a great partner for the Wind Direct project pipeline. The ambitious firm is very well backed with access to investment that will help to realise the potential of wind energy schemes which deliver substantial benefits to local businesses throughout the UK. This announcement is a positive step forward in ensuring the future of onsite wind energy generation.’
PowerWind is to supply a 500kW wind turbine to a joint venture between Infinite Renewables and Albion Community Power in Blaencilgoed in Wales. The PW500 turbine will have a diameter of 56 meters and "meets the legal, technical and economic requirements for the feed-in-tariffs". It is the second turbine that PowerWind has supplied to Albion and Infinite following a previous order for a PW500 in 2012. Infinite Renewables director William David said: "We have always been fully convinced of the PW500 performance and are happy that this product has returned to the UK Market."
Wind turbine to power potato packaging plant
Renewable energy company, Triodos Renewables Plc, and Greenvale, the UK’s leading supplier of fresh potatoes, today announced the completion of a deal to build a wind turbine. The project developed by UK on-site generation specialist, Wind Direct, will be built on Greenvale’s Floods Ferry site in Cambridgeshire and will have an estimated total capacity 1.5 MW. This is expected to meet the average annual electricity needs of 1000 homes, or 13% of the residents of nearby town March in Cambridgeshire.*
Building work on the 110 metre turbine, will commence at the end of April with completion due by the end of 2014. Once commissioned, the turbine will be capable of generating up to 60% of the electricity needed to power Greenvale’s potato packing facility and reduce the company’s reliance on fossil fuels.
Over the last five years, Wind Direct has worked in partnership with Greenvale to develop a planning application and successfully gain consent for the project with Fenland District Council. Wind Direct then negotiated a turbine supply contract with leading Spanish turbine manufacturer, Acciona as well as sourced and structured the project finance facilities for the project.
Commenting on today's announcement, Matthew Clayton, managing director of Triodos Renewables said: "We are delighted to be working with Greenvale and to be building on their commitment to renewable energy. The sustainable ethos of Greenvale has made our collaboration on this project a very positive experience. This is a great start to 2014 for our shareholders, building on a record breaking 2013 for both Triodos Renewables and UK renewables industry. Last year the UK’s fleet of renewable projects generated 14.8% of the nation’s power. With this project Triodos Renewables’ generating capacity has increased to 60MW.”
Trevor Dear, operations director of Greenvale, comments: “The wind turbine will secure a reliable energy supply for our packing site, generate jobs within the region, and reduce our impact on the environment. This is a key part of our environmental policy which aims to reduce our CO2 output by 20 per cent by 2015.”
Wind Direct’s head of sales and commercial, Guy Lavarack, added: ‘The success of this project is testament to our strong working relationship with Greenvale and Triodos Renewables. The Wind Direct team recognised the potential of the Greenvale site and oversaw all aspects of the planning process. We strive to support the green credentials of local businesses while delivering the benefit of substantial savings on their electricity bill and guaranteed prices for up to 10 years, thereby providing companies with security of supply and cost stability in a volatile market.’
The funding package is provided by a combination of Triodos Renewables equity and Santander UK debt finance. The term of the debt is seven years post completion of construction. The wind turbines will be supplied by Acciona Wind Power along with a long term service package, the balance of plant contract has been placed with RG Carter.Electricity will be sold to Greenvale and the spill to Smartest Energy.
The wind turbine is the 13th project in Triodos Renewables' investment portfolio, which also includes Ness Point and Eye in Suffolk and Boardinghouse also near March in Cambridgeshire. Triodos Renewables has more than 19 years of 'hands-on' experience in the UK renewable energy sector, building, owning and operating onshore wind farms and hydro-electric projects in a distinct niche in the market between community and utility scale.
A wind turbine is to be built in Pembrokeshire with the support of a £1.5m investment, with more projects expected to follow.
Newly launched power generation company Albion Community Power (ACP) is investing £1.5m in partnership with green energy developer Infinite Renewables on a project to create a turbine in Blaencilgoed.
The turbine, which will supply energy to a nearby quarry, will generate more than 1.7 million kWh per year.
In the long term, ACP aims to raise up to £100m to power approximately 35,000 homes.
Volkers Beckers, chairman of ACP, said "The energy industry is changing, and smaller scale schemes will be playing an increasingly important role. We are excited by our first investment and are looking forward to backing other new projects in the coming months."