Orenda aims Skye™-high with £2 million renewables offer to Chinese turbine investors

Orenda’s Skye™ 51kW medium wind turbine utilises a patented, multi-pivot point technology – a hydraulically operated hinged ‘tilting’ tower, which allows for large nacelles to be raised and lowered to heights of up to 36m and thereby reduces installation and servicing costs. This means servicing is done at ground level and does not need expensive crane hire.
Orenda’s Skye™ 51kW medium wind turbine utilises a patented, multi-pivot point technology – a hydraulically operated hinged ‘tilting’ tower, which allows for large nacelles to be raised and lowered to heights of up to 36m and thereby reduces installation and servicing costs. This means servicing is done at ground level and does not need expensive crane hire.

Orenda Energy – which manufactures the Skye™ wind turbine – has signed a major trade agreement with a investment advisory firm in China to implement a planned financial growth strategy of investment through the purchase of Orenda’s 51kW medium wind turbines for high net worth clients.

The deal has been struck between Orenda Energy – which operates a European support office in Livingston, West Lothian – and China ZhuangHe Investment (CZH), a boutique investment advisory firm.

This has the support and backing of Scottish Development International, the China Britain Business Council in the UK and The Cross-Strait China Culture Communication Foundation – the Peking-based charity which fosters Sino- European business relations.

China ZhuangHe will offer Orenda’s 51kW medium wind turbine as an investment portfolio asset to high net worth customers looking to achieve fixed term growth and a strong aggregate rate of return on investment within a short/medium timeframe.

The investment offer to China ZhuangHe’s high net worth clients is to provide a capital investment back to Orenda Energy of £2 million.

These funds will enable Orenda to purchase and install Skye™ 51kW medium wind turbines on investor-ready UK sites. From Feed-in Tariff (FiT) generated revenue, this will guarantee an 8% annualised return on the invested cash with the loan entirely repaid after seven years.

Moreover, with an increasingly growing number of high net worth Chinese individuals eager to invest money in the UK, Gerry Lalonde, Chief Executive, Orenda Energy sees far reaching benefits for this trade agreement deal with China ZhuangHe Investment.

He said: “We have proved this investment is robust and capable of excellent returns. We already have a consortium of US investors broadening their asset portfolios and securing Orenda’s Skye™ turbine as a financial investment vehicle which should realise a significant rate of return over a 20 year period through the Government FiT programme. 

“We have structured a broadly similar deal for wealthy Chinese individuals and have a number of investor ready consented sites procured and available to them.

“Any clients of China ZhuangHe Investment interested in this deal will have a ready-made opportunity to gain a profound foothold in the UK and capitalise on the extremely healthy return on investment in a short/medium timeframe.

“Moreover, we will offer them complete performance guarantee, plus all risk insurance package including loss of income.”

James Brodie, Manager, Scotland at the China-Britain Business Council, commented; “We are delighted to have introduced Orenda Energy to CZH.  At the beginning of this year, for the first time ever, China’s outbound investment exceeded its inbound investment and China’s high net worth individuals are an important part of this new development.

“This is a great example of how exciting investment opportunities in Scotland are beginning to catch the attention of Chinese entrepreneurs and is testament to Orenda’s global outlook and innovative approach.”

Orenda Energy Solutions designs and manufactures fully integrated wind turbine systems for the rural segment of the small distributed wind industry. Orenda’s 51kW Skye™ wind turbine is the solution of choice for farmers, large acreage landowners, and wind park developers and investors.

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