Triodos Renewables plc appoints Siemens' Peter Weston as Non-Executive Director
14-06-2011 | Leading UK company Triodos Renewables plc - which is managed by Triodos Bank, and which owns and operates enough renewable energy assets to provide sustainable energy for 21,500 UK homes - has appointed Peter Weston as Non-Executive Director.
Peter has more than 15 years' experience working in the energy markets as an investor, lender and strategic consultant.
He is currently Global Head of Finance and Investment for Siemens Wind, one of the world's leading manufacturers of wind turbines.
Prior to joining Siemens, he led the energy lending division of GE Capital in Europe and was an executive director for Westdeutsche Landesbank's energy group.
"We are delighted that Peter has joined us," said James Vaccaro, Managing Director of Triodos Renewables plc.
"During 2010 we expanded our renewable energy asset portfolio by 40 per cent and have established a pipeline of 16.6 MW of onshore wind power capacity that is ready to be built.
"Our compelling story has attracted a huge number of investors - 4,000 of them in total, making us the most widely-owned renewable energy company in the UK. Peter joins us at a very exciting time and brings immense financial and technical expertise to the team that will help us to continue to grow. We look forward to working with Peter with great anticipation."
"To be joining Triodos Renewables at this time presents me with a big opportunity, with the company's 2010 net assets set to rise significantly," commented Peter.
Before commencing his business career he was a journalist for Euromoney and the Financial Times.
Notes to editors:
About Triodos Renewables plc
Triodos Renewables is a public limited company, with more than 4,000 investors 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.
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 seven operating sustainable energy projects with a total capacity of 32.6 MW producing enough clean, green renewable energy for the equivalent of more than 21,500 homes (correct at 1 December 2010).
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.
Triodos Renewables is managed in the UK by Triodos Bank.Triodos Renewables is a trading name of Triodos Renewables plc.
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.
Triodos Renewables was established to provide equity finance through direct investment in small to medium-scale renewable energy projects, such as hydro-electric projects and wind farms. The development of the business - and a shareholder base of more than 4,000 subscribers - provides a mechanism for individuals and institutions to invest directly in renewable energy opportunities.
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