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Triodos Renewables greens potatoes

The UK's leading potato supplier will be greener thanks to power from new wind turbine.

04-04-2014 | Triodos Renewables 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 1.5MW. The green energy it produces is expected to meet the average annual electricity needs of 1,000 homes, or around one in seven of the homes in nearby town of March.* 

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 "The sustainable ethos of Greenvale has made our collaboration on this project a very positive experience."
Matthew Clayton , managing director of Triodos Renewables

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.

Matthew Clayton , managing director of Triodos Renewables says: "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."

When the new turbine is operational, Triodos Renewables' total generation capacity will provide enough clean energy for the average electricity needs of more than 40,000 homes - or eight households for each of its 5,000 shareholders.

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.

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."

The wind turbine is the thirteenth 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.


Notes to editors
For interviews, comment, photography or other information, please contact:
Faye Holst, faye.holst@triodos.co.uk 0117 980 9584 / 07557785167
Will Ferguson, William.ferguson@triodos.co.uk  0117 980 9770 / 07899 965640

For Greenvale press inquiries, please contact Wendy Akers, Sophie Peel or Sarah ffrench Davis on 020 8892 5665, wendy.akers@mustardcommunications.co.uk; sophie.peel@mustardcommunications.co.uk; sarah.ffrenchdavis@mustardcommunications.co.uk

Important Notice:
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 thirteen sustainable energy projects with a total capacity of 60.5 MW and able to produce enough clean, green renewable energy for the equivalent of more than 40,000 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 Avonmouth, located on a waste water plant near Bristol.

About Greenvale
Founded over 40 years ago, AIM-listed company Greenvale  is the UK's leading supplier of fresh potatoes, handling 500,000 tonnes of potatoes every year, Greenvale is a fully integrated potato business,  from breeding and growing potatoes through to packaging, distribution and marketing for the retail, wholesale and food service sectors, with a specialist food ingredients division, Swancote Foods. 
In 2012, the company launched its first branded potatoes Greenvale All Rounders with Greenvale Jacket Potatoes added to the range in January 2014. For more information visit www.greenvale.co.uk

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 Dewlay Cheese in Lancashire, Longhill Road in Cambridgeshire, Eastman Chemicals in Cumbria, Solutia Chemicals in Newport, FMC Technologies in Fife and most recently Roy Humphrey Group in Suffolk. Work is currently being carried out to develop further sites nationwide. For further details, visit: www.wind-direct.co.uk. 

*Estimate based on assumed industry standard of 4.22 MWh  per home as recommended by RenewableUK http://www.renewableuk.com/en/renewable-energy/wind-energy/uk-wind-energy-database/figures-explained.cfm
 

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