An Argyll renewable energy company has launched a business development drive to boost its international trade, increase turnover and create jobs – thanks to a £25,000 investment from the Scot-govt.
Lochgilphead based Renewable Parts Limited (RPL) was established in 2011. It provides specialist technical and logistical supply chain services to the wind and renewable energy industry in the UK, Ireland and Continental Europe. This includes replacement parts and consumables for out-of-warranty wind farms.
As a result, RPL expects to treble its turnover and generate more than £1 million in international sales in the next two years. The move will provide security for its existing eight-strong workforce and create at least two new quality jobs.
As of 2014, the parts and consumables market for installed capacity within the UK was valued at £50,532,000, the European Union (less UK) £465,708,000 and the rest of the world £941,816,000. These market figures are based on each megawatt of installed capacity being valued at £4,000 per year.
James Barry, RPL chief executive, said: “The worldwide renewables industry is developing fast and we need to respond to that.
“Scotland is the home for renewables in the UK with the policies, funding and skills to make a major change to our renewables economy. This investment will enable us to significantly increase our marketing operations at a crucial time of market change, allowing us to accelerate growth market capture.
“This investment will be targeted towards the development of a new exhibition stand our digital capability through our soon to be launched e-commerce website.”
Onshore wind continued to be the leading individual technology for the generation of electricity from renewable sources during 2015. Capacity almost doubled from 4629 MW in 2011 to 9198 MW in 2015 (Digest of UK Energy Statistics).