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Triodos Renewables plc turbine installed at Greenvale’s Floods Ferry Road site in Cambridgeshire
Leading UK potato supplier welcomes the arrival of a new wind turbine
29-10-2014 | Leading supplier of fresh potatoes in the UK, Greenvale , this month welcomed the arrival of a new wind turbine at its Floods Ferry Road site in Cambridgeshire, near March. Capable of generating 1.5MW, the new turbine will provide enough electricity to power the potato supplier’s processing facility while still supplying some 600kw to the grid.
Swift construction of the turbine
The Floods Ferry Road turbine was manufactured in Spain and arrived at the UK port of Goole on 30 September 2014. The components were transported by road from Goole with a police escort to the Cambridgeshire Floods Ferry Road site.
Using a 500 tonne telescopic rig crane, the turbine was erected during the first week in October, beginning with the base tower sections before the blades, hub and nacelle (the part that the blades are attached to) were put into place. The whole transport and turbine construction process took around 10 days from start to finish.
The turbine is expected to be fully operational by the end of this year, supplying 40% of its generated electricity to the local electricity distribution network. The construction process has been managed by specialist firm,
Matthew Clayton, Director, Triodos Renewables, commented, "The erection of the turbine is always the most exciting part of development process. We are really pleased that the turbine has been delivered safely and on schedule. With every milestone successfully passed we get closer to the point that we can commence the generation of renewable electricity, and delivering the associated greenhouse gas emission reductions. What’s more, this particular turbine will be supplying sustainable energy directly to a local business as part of its future operations. This is the kind of project that motivates us and our shareholders"
"We’re delighted to see the new wind turbine installed at our Cambridgeshire site. After the preparatory civil engineering works, it’s great to have the turbine actually in place," said Trevor Dear, Director, Greenvale, "To be able to generate and use our own electricity is an important development for our business and is another example of how we are growing commercially"
Part of a wider investment project by Triodos Renewables , the Floods Ferry Road turbine is one of six due to be installed in Cambridgeshire over the next year. This will see the installation of a further five turbines over the next year with a combined generation capacity of 10.25 MW. The five additional turbines will be installed on a separate site at Boardinghouse , also near March.
Crowd funding scheme launched
Triodos Renewables has launched a major £5 million share offer. The money raised will be directly invested in constructing new UK renewable energy generating assets, such as the one at Floods Ferry Road, allowing the company to further grow its renewable electricity generation capacity. Triodos Renewables is working with Trillion Fund, the crowd financing platform for renewable energy, to promote and distribute the offer. People can invest from as little as £51 – the lowest ever minimum investment for a Triodos Renewables share issue.
The offer is open to both new investors and existing shareholders and the shares are tradable on a Matched Bargain Market marketed by Ethex and operated by Capita Share Dealing Services Ltd.
Investment decisions should only be made on the basis of the Investment Memorandum and not on any information provided in this press release. Investing in shares is not the same as investing money in a bank account as your capital is at risk and you may not get back the full amount you invested as the value of investments and the income derived from them may go down as well as up. Past performance is not a reliable indicator of future results.
For more information, please visit: http://www.triodosrenewables.co.uk .
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.
Its portfolio includes eleven operational sustainable energy projects with a total capacity of 53 MW and able to produce enough clean, green renewable energy for the equivalent of more than 34,000 homes. In addition Triodos Renewables is presently constructing a further 4 renewable energy projects.
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 wastewater plant near Bristol.
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).
Good Money Week
Good Money Week runs from 19-25 October 2014 and is a campaign to raise awareness of sustainable, responsible and ethical finance to help people make good money choices. Good Money Week aims to ensure that everyone knows they have sustainable and ethical options when it comes to their financial decisions. Triodos Bank is a principle supporter of Good Money Week.
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
About Floods Ferry Road
Triodos Renewables acquired the project from wind developer Renewables Direct. The funding package is provided by a combination of Triodos Renewables equity and Santander UK debt finance. Acciona Wind Power will supply the wind turbines along with a long-term service package and the balance of plant contract has been placed with R G Carter. Electricity will be sold to Greenvale and the spill to Smartest Energy.