Triodos Renewables Powers Up
Green energy company announces its Wern Ddu wind farm is fully operational
01-06-2010 | Triodos Renewables has announced that its latest wind farm is fully operational. Commissioning the four-turbine 9.2MW Wern Ddu wind farm in Denbighshire, North Wales, is a major boost to the company, which invests in and operates renewable energy projects.
• Triodos Renewables Wern Ddu wind farm in Denbighshire, North Wales is fully operational.
• The 9.2MW wind farm will have the capacity to provide electricity for nearly 6,000 homes – enough to power the equivalent of the nearby market town of Ruthin.
• Triodos Renewables now has the total capacity to generate almost 33MW of clean electricity.
• Wern Ddu was developed and constructed by Welsh wind farm developer Tegni Cymru.
• Natural Power Consultants have project managed both the civil and electrical works and the erection and commissioning of the four Enercon E70 Turbines.
"Wern Ddu is an important addition to Triodos Renewables portfolio, representing 40% growth in capacity and also our first project in Wales," says Matthew Clayton, Triodos Renewables’ Operations Director. "It’s set to boost both the green energy we produce and the return for our shareholders."
Triodos Renewables acquired Wern Ddu in October 2009. The wind farm is the fifth in Triodos Renewables’ portfolio, which also includes a hydro-electric project and investments in sustainable energy businesses, but it’s the first one in Wales.
Triodos Renewables has been working with Tegni Cymru Cyf, a Welsh wind farm developer who developed and built Wern Ddu wind farm. Tegni has been actively developing wind projects in Wales for fifteen years.
"We are delighted that Triodos Renewables have been able to invest in our latest wind farm development. We have had an excellent team on site, the construction works having been carried out by EW Jones, a local contractor. Tegni Cymru will be involved with the operation of the wind farm and look forward to working with Triodos Renewables for many years to come," says Huw Smallwood, Tegni Cymru’s owner and Managing Director.
"We’re pleased that part of the money invested in acquiring Wern Ddu will help enable Tegni Cymru to continue the development of their next wind projects," says Matthew Clayton, Triodos Renewables’ Operations Director.
Triodos Renewables latest share issue, which closed in January, raised £4.35 million. The company has a strong pipeline of future investments, including development stage projects in Aberdeenshire and Suffolk, which the money will fund.
Shareholder Jean Morris from Worcestershire, says, "It’s satisfying to think that I have helped build a more renewable future in the UK for my children and grandchildren."
Triodos Renewables shares can be bought and sold through a matched bargain market. Visit www.triodosrenewables.co.uk for more information.
Notes to editors
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Triodos Renewables is a public limited company, with 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' objective is to exploit opportunities in a growing renewable energy market by taking advantage of projects that generate clean, green electricity from renewable sources. It also works with partners to develop and acquire projects, and invest in innovative companies in the sustainable energy sector. Its portfolio includes eight investments with a total capacity of 32.65MW, saving approximately 80,000 tonnes of CO2 emissions and producing enough clean, green renewable energy for the equivalent of over 20,200 homes. Triodos Renewables has financed innovative 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 Orkney Islands, and the Beochlich Hydro Electric project in Argyll in Scotland. *Figures based on 2010 forecast production. Triodos Renewables is managed by Triodos Bank in accordance with a management agreement.
Triodos Bank only finances enterprises which create social, environmental or cultural added value. Key sectors include organic food and farming, renewable energy, social housing, and fair trade. Transparency is a core value: customers are informed about the bank’s lending and can target their savings to particular areas of investment. A range of personal savings accounts is offered, and full banking services are available for businesses and charities. Triodos Bank is an independent bank founded in the Netherlands in 1980. Its principles and independence are protected through a special shareholding trust. The UK office opened in 1995 and is based in Bristol.