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Power surge for Triodos Renewables
New wind farm expected to benefit from optimum wind speeds
11-03-2014 | Green energy company Triodos Renewables has boosted its renewable portfolio with the acquisition of a fifty five per cent stake in a wind farm near March in Cambridgeshire. Thanks to good local wind speeds, Boardinghouse Wind Farm is expected to generate 30GWh of electricity per year, the average annual electricity needs of 6,300 homes.
"We are delighted to be putting our community of shareholder's investment to work helping to build the UK's renewable energy capacity."
Triodos Renewables' Managing Director, Matthew Clayton
Triodos Renewables is a public limited company owned by more than 5,000 shareholders whose investment is supporting the development of renewable energy projects across the country. With a broad community of shareholders, it is the widest owned renewable energy company in the UK. As well as investing in the long-term business potential of renewable energy, their money is actively contributing to the low carbon economy. When Boardinghouse is operational Triodos Renewables' total generation capacity will be 59 MW. This provides enough clean energy for the average electricity needs of 3.980.000 homes, or more than seven households for each investor in Triodos Renewables.
Triodos Renewables' Managing Director, Matthew Clayton says: "We grew our renewable energy generation capacity by 40% in 2013 and generated record levels of green energy. We enter 2014 confident and excited about what lies on the horizon. We are delighted to be putting our community of shareholder's investment to work helping to build the UK's renewable energy capacity."
The project, which will consist of five 2MW wind turbines with a tip height of 110.5 metres, has been developed by experienced renewable energy specialists, EcoGen, who together with their landowner partners will continue to own the remaining 45% of the wind farm company.
The wind farm is the twelfth in Triodos Renewables' portfolio, which also includes Ness Point and Eye in Suffolk and Avonmouth Wind farm in Bristol. Triodos Renewables has 20 years' 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.
Notes to editors
For more information please see: www.triodosrenewables.co.uk
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Triodos Renewables shares are traded via a Matched Bargain Service. The Matched Bargain Service does not constitute a recognised investment exchange, and Triodos Bank cannot provide advice on the merits or suitability of this investment. It may be difficult to sell or realise your investment or to obtain reliable information about its value or other risks to which it is exposed . We remind you that because investments and the income from them can go down as well as up, you may lose some or all of the money you invest. Yields are variable and neither income nor capital are guaranteed.
Triodos Renewables is the trading name of Triodos Renewables plc, Registered in England & Wales, Registered office: Deanery Road, Bristol, BS1 5AS (registered number 2978651). Triodos Bank NV provides management services to Triodos Renewables. Triodos Bank NV (incorporated under the laws of the Netherlands with limited liability, registered in England and Wales BR3012).
About Triodos Renewables Plc
Triodos Renewables is a UK public limited company, with over 5,000 shareholders who want their money to make a practical difference in the fight against climate change, and who recognise the long-term business potential of renewable energy.
It works with partners to develop and acquire projects, and invest in innovative companies in the sustainable energy sector. Its portfolio includes ten operating sustainable energy projects with a total capacity of 53.36 MW producing enough clean, green renewable energy for the equivalent of more than 32,000 homes .
Triodos Renewables has invested in a number of wind farm projects, such as the Haverigg II Wind Farm in Cumbria, a re-powering wind farm project at Caton Moor in Lancashire, a single wind turbine in the Orkneys, and the Beochlich hydro-electric project in Loch Awe, Argyllshire.
About EcoGen Limited
EcoGen has been involved with renewable energy projects for over 20 years, playing a major role on some of the UK's first onshore and offshore wind farms. The company specialises in planning, developing, financing, constructing and operating a diverse range of renewable energy sites. The EcoGen team are recognised experts in the UK renewable energy market and highly respected specialists in their individual fields.
For more information go to www.ecogen.co.uk