Portfolio
Triodos Renewables’ current portfolio is as follows:
Operating projects
Haverigg II, 2.4 MW
Haverigg II is an extension to one of the UK's first wind power developments. Located on a disused airfield near Millom in Cumbria, the 2.4MW project was bought by Triodos Renewables in 1998 and its four turbines were erected that year. Operating under a 15 year NFFO contract it has had since 1998, it is capable of generating clean green electricity for over 1,500 homes. One of the four turbines was sold to Baywind Energy Co-operative Limited in May 1999.
Beochlich, 1 MW
The 1MW Beochlich hydro-electric project is located in Scotland in an area believed by the Directors to be well suited small-scale hydro power. Beochlich Burn runs into the south east side of Loch Awe in Argyll, West Scotland. It falls 250m to the loch shore, draining water from a high plateau. The hydro project, which was built in 1998, involved constructing a six-metre high dam to form a new storage reservoir, feeding water through two Pelton wheel turbines. Operating under a 15 year SRO contract since 1998, it is capable of generating enough energy to meet the needs of about 1,200 homes.
Ness Point, 2.75 MW
Triodos Renewables bought one of the UK's largest on-shore wind turbines, in Lowestoft in Suffolk, in June 2005 through its acquisition of the entire issued share capital of Ness Point Limited. Built on the site of a former gas works, and nicknamed "Gulliver" after a competition in the local paper. The turbine has proved to be a popular addition to the industrial landscape on England's most easterly point. Standing 126 metres tall, it has a capacity of 2.75MW of electricity, or enough clean, green energy for over 1,750 homes.
Caton Moor, 16 MW
Caton Moor wind farm is an upland area within the Forest of Bowland in northern Lancashire, just east of Morecambe Bay. It was one of the UK's earliest commercial wind farms built in the UK, coming into service in 1994. In 2005 Caton Moor was repowered, with the wind farm's ten older turbines replaced by eight more modern and efficient ones. The new repowered Caton Moor has a capacity of 16MW, producing enough energy for the equivalent of 10,000 homes. Triodos Renewables bought the wind farm in 2006 as part of the Hainsford Group Limited acquisition.
Sigurd, 1.3 MW
Sigurd is a single wind turbine project sited on Burgar Hill in the Orkney Islands. Commissioned in 2001 it operates on one of the windiest onshore sites in Europe. The turbine has a capacity of 1.3MW, producing enough clean, green energy for 1,100 homes. The site was acquired as part of the purchase of Hainsford Group Limited.
Investments in sustainable energy companies
Connective Energy Limited
In the summer of 2006, Triodos Renewables acquired an interest in a new, low carbon business venture, Connective Energy Limited. A joint venture between Triodos Renewables, Doosan Babcock and the Carbon Trust, Connective Energy plans to become a leading supplier of low carbon heat solutions by using waste heat to displace primary electricity generation sources. About 45% of the UK's industrial primary energy consumption is wasted. Connective Energy intends to capture the waste heat energy at source and transfer it in the form of steam or hot water to other consumers of heat in the same area, providing an energy efficient low cost heat supply.
Marine Current Turbines Limited
In June 2007 Triodos Renewables acquired a small shareholding in Marine Current Turbines Limited, an innovative tidal technology company. The Directors believe that marine renewables, including tidal power, have a major role to play in the delivery of sustainable energy in the UK. This investment helped to finance what is considered to be the world's first larger scale commercial tidal turbine, the 1.2MW SeaGen tidal energy project in Northern Ireland's Strangford Lough. This development was connected to the local electricity grid in 2008, generating enough power for approximately 1,000 homes, and provide the foundation for larger marine turbine projects in the future.
Investment in development stage projects
Triodos Renewables has used its relationships in the sector to negotiate terms on which it can acquire interests in a number of projects at the pre-construction or pre-planning stage of development over the next eighteen months. In addition, it is anticipated that investment into the portfolio of development-stage projects will continue this flow of investment opportunities in generation projects for a further three years. With good relationships with other developers, the Board believes that Triodos Renewables will be offered and be able to acquire a portfolio of good quality generating projects.
- Community wind farms unite against nuclear threat
- Have your say on plans to build a nuclear power plant on the site of the UK’s oldest wind farm. (5 February 2010)
- Community wind farms unite against nuclear threat
- Public are invited to have their say on plans to build a nuclear power plant on the site of the UK’s oldest wind farm. (5 February 2010)
- Triodos Renewables launches share issue
- Share issue follows acquisition of new wind farm and success of portfolio. (17 November 2009)