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Triodos Renewables Plc put even more wind in Scottish sails

Major turbines enter development in Aberdeenshire as Scotland continues to go with the wind.

14-01-2015 | Foundations have been laid for two new wind turbines in Aberdeenshire. The turbines will be generating electricity by the summer of 2015, bolstering Scotland’s recent surge as in creating clean, green wind energy.

The two turbines are being constructed close to Auchtygills and Clayfords and will have a total capacity of 1.64 MW. All electricity generated by the pair of Enercon E-48 turbines will be delivered to the local electricity distribution network. Triodos Renewables is funding the developments.

Triodos Renewables Plc

Development gets underway just as impressive new figures reveal Scotland’s on-going purple patch of green energy capacity growth. Data released in December 2014 by the UK Energy Minister Amber Rudd shows that renewable energy in Scotland offset a whopping 12 million tonnes of CO2 in 2013 - the highest emission offset ever recorded in Scotland and a 14% increase on figures from 2012[1] .

Scottish turbines generated around 812,890 MWh of electricity for the National Grid in November 2014, according to figures from WWF Scotland. That’s enough to meet the demands of 107% of Scotland’s households. Relatively it’s almost five times higher than the equivalent wind power generated in the rest of the UK during the same period (where wind energy only met 22% of total household energy demand)[2] .

Incredibly Scotland’s wind turbines generated enough energy to supply energy to every home in Scotland on 11 out of 30 days during November 2014. The new turbines in Aberdeenshire will add further security to Scotland’s energy supply and reinforce the nation’s talked about reputation in the media and by WWF Scotland as being ambitious for wind energy production. Like they say, hoist your sail when the wind is fair.

Clayfords excavation

Renewable energy specialists Triodos Renewables own eleven other renewable energy sites across the UK (a selection of wind farms and a hydroelectric site) with a total capacity of 54.56 MW. Together they produce enough green energy to meet the demands of 34,000[3] homes. Currently Triodos Renewables also offers a share-purchasing model that makes investment in the renewable energy sector very accessible - with a minimum investment of just £50.16 (initial offer only).

Any investment decision should only be made on the basis of the final Investment Memorandum and the Investor Agreement and not on any information in this summary. 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. 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 and you may not get back the full amount invested.


Editor’s notes

About Triodos Renewables Plc.

Triodos Renewables is a UK public limited company, with over 5,000 shareholders who we believe 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.

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.Important Notice:

Triodos Renewables shares are traded via a Matched Bargain Service. The Matched Bargain Service does not constitute a recognised investment exchange. 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).

[1] edie.net: Scotland green energy offsets 12m tonnes of CO2: www.edie.net/news/6/Scotland-green-energy-offsets-12m-tonnes-of-C02-renewables [accessed 15.12.14]

[2] edie.net: Scotland’s renewable revolution sets shining example for Lima: www.edie.net/news/6/Scotland-wind-power-generation-renewable-energy-statistics-2015 [accessed 15.12.14]

[3] DECC: 4.17MWh/Home

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