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Scottish Manufacturer Signs up to Wind Generation
FMC benefits from merchant power scheme
A major employer in the Scottish town of Dunfermline will benefit from green energy, starting in 2011, after on-site generation specialist Wind Direct achieved financial close on the project, with all-important investment by Triodos Renewables and funding by Triodos Bank.
The 1.5MW wind project will see FMC Technologies receive green electricity direct from a single 100m wind turbine for the next 25 years, with energisation anticipated during autumn 2011. FMC employs over 650 people in Fife, Aberdeen and Glasgow.
In achieving financial close, a turbine supply agreement (TSA) has been signed with Spanish turbine manufacturer Acciona, with the all-important investment by Triodos Renewables and funding by Triodos Bank.
Dan Neelon, Well Completion Systems Manager from FMC Technologies said:
“As a manufacturing business, we have a responsibility to reduce our carbon emissions, and as a major employer within Fife we are committed to providing sustainable employment for our employees. With fixed price, green electricity taking us well into the next decade, the Wind Direct project allows us to achieve both of these goals at once.”
Frances Karki, Chief Operating Officer for Wind Direct said:
“This is the first Wind Direct project to use an Acciona wind turbine and the first to be financed by Triodos Renewables, so we are very excited and pleased to be working with both parties.”
Matthew Clayton, Operations Director from Triodos said:
“Triodos has been investing in renewable energy since the very first commercial scale wind projects were delivered in 1995. As a ‘brown field’ location, we consider the FMC project as a sound investment and a strong fit for our portfolio. The Wind Direct team is experienced, and have a close attention to detail – exactly what we look for when sourcing investment projects.”
Construction at the site is expected to commence in May 2011, depending on weather conditions. Energisation will occur approximately four months after the start of construction.
About Wind Direct
Wind Direct installs wind turbines that supply green, low cost energy to industrial and commercial sites throughout the UK. The electricity supplied is significantly cheaper than brown electricity and the company’s approach allows clients to fix the cost of electricity for up to ten years, with no capital outlay from the client.
Wind Direct has 22 projects in the public domain, with operational sites at Longhill Road in Cambridgeshire, Eastman Chemicals in Cumbria, Solutia Chemicals in Newport and Dewlay Cheese near Lancaster. Work is currently being carried out to develop sites at Mars Complementary Petcare and Rodbaston College amongst others.
About FMC Technologies
FMC Technologies, Inc. (NYSE:FTI) is a leading global provider of technology solutions for the energy industry. The Company has approximately 11,200 employees and operates 25 production facilities in 15 countries. The Dunfermline facility employs over 650 employees on-site and the company also has an Engineering and Sales and Marketing support office in Aberdeen and a Research and Development facility in Glasgow.
Triodos Renewables is a public limited company, owned by over 4,000 investors who want their money to make a practical difference in the fight against climate change, and recognise the long-term business potential of renewable energy.
Triodos Renewables was originally established as The Wind Fund plc in 1995 in response to the Chernobyl disaster. It is a Triodos Bank initiative.
Their operational portfolio includes five projects with a total capacity of 23.45 MW, saving approximately 60,000 tonnes of CO2 emissions and producing enough clean, green renewable energy for the equivalent of over 15,500 homes. Triodos also has a stake in three sustainable energy businesses, a tidal generation technology developer, a wind farm developer and energy efficiency project developer.