Orenda Energy secures £2m wind turbine deal as Italian investor looks to Scotland

Orenda Energy's 'tilting tower' turbine
Orenda Energy’s ’tilting tower’ turbine

Orenda Energy – a medium-wind turbine manufacturer with locations in Canada and at Livingston, near Edinburgh – has secured a £2 million deal for 10 of its 51kW Skye ‘tilting tower’ wind turbines with privately-owned Italian investment fund, CanadEnergy.

The turbines will be located in Scotland and built in a phased programme over the next twelve months, with Orenda Energy providing a complete turnkey solution including the developed sites, the wind turbine systems, installation, commissioning and on-going operation and maintenance.

For this contract CanadEnergy has created a UK subsidiary company, Britannia Energy which will own the developed sites.

Whilst this is the first venture into the UK wind energy market, CanadEnergy has set its sights on actively expanding its projects pipeline across Europe and Canada, adding to a wide ‘green energy’ long term investment program.

Luca Roffi, President of CanadEnergy, said; “Orenda’s turbine design and its ability to be folded down quickly for maintenance, struck our Board of Directors as key steps to keep long term operating costs low.

“We’re pleased to have the opportunity to participate in Scotland’s renewable energy industry, despite the recent UK onshore wind Feed in Tariff changes”.

Steve McMahon, VP Sales & Marketing, Orenda Energy, added; “There is consensus that the UK market has become harder for small-medium wind turbine suppliers and many believe that the flexibility of this type of investment is crucial for the sector to secure its long term future, especially considering what the immediate future may hold following proposed Government cuts in FiT from January 2016.

“Like many technology-based markets, the UK small-medium wind sector started with early adopters who wanted to own a wind turbine and potentially profit from this investment. Today, the UK market has evolved and customers are now seen as ‘pragmatic investors’ looking for complete ‘plug and play’ solutions.

“Orenda Energy recognises this market dynamic and we therefore developed a strategy to become a site developer as well as a wind turbine manufacturer so we are now in a position to serve this very demanding class of customer.”

Other sites have been identified by Orenda Energy and are at various stages of the planning process.

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