Scottish renewables power company wins wind-ustry award and mulls new investments in solar and biomass

The Future Renewables Eco (FRE) Thomson wind farm is located in rural Aberdeenshire. The project obtained full accreditation under the OFGEM Preliminary FIT Pre-Accreditation Scheme (No. P00993WDSC) and was allocated a 2015 tariff at a rate of 12.19p/kWh. The average wind speed for each turbine is 7.2m/s and each machine is producing circa 694,000 kWh per year allowing for an estimated output of 1,388,000 kWh (combined) per year for the site. The wind turbines are single wind turbine models ACSA A27 with a maximum blade tip height of 45.5m. The site has been generating a total income of £235,500 per year since it was erected in 2015, and the land is in single ownership secured by a 25-year lease agreement with the option to extend.
The Future Renewables Eco (FRE) Thomson wind farm is located in rural Aberdeenshire.  It received accreditation under the OFGEM Preliminary FIT Pre-Accreditation Scheme (No. P00993WDSC) and was allocated a 2015 tariff at a rate of 12.19p/kWh.   The average wind speed for each turbine is 7.2m/s and each machine is producing circa 694,000 kWh per year allowing for an estimated output of 1,388,000 kWh (combined) per year for the site. The wind turbines are single wind turbine models ACSA A27 with a maximum blade tip height of 45.5m.  The site has been generating a total income of £235,500 per year since it was erected in 2015, and the land is in single ownership secured by a 25-year lease agreement with the option to extend.

Feedback from satisfied investors has led to Edinburgh-based Future Renewables Eco (FRE) plc winning a Feefo Gold Service award –  an independent seal of excellence that recognises businesses for delivering exceptional experiences.

FRE plc was set up in 2015 to provide a substantial source of income whilst encouraging an ethical and eco-friendly way of generating electricity.

It builds, owns and operates a fleet of nine wind-power electricity-generating turbine stations in Scotland and rUK.

Created by Feefo, Trusted Service is awarded only to those businesses that meet the high standard, based on the number of reviews they have collected, and their average rating.

This accreditation remains unique, as it is based purely on the interactions with verified customers. As all reviews are verified as genuine, the accreditation is a true reflection of a business’ commitment to outstanding service.

FRE met the criteria of collecting at least 50 reviews between January – December 2017, with a Feefo service rating of between 4.5 and 5.0.

Brian Duffy, a director at FRE plc, said: “By taking advantage of a niche but rapidly growing sector – that’s fast becoming mainstream in the UK and across Europe –  we have secured an unassailable place in the market. 

“Our current focus is on medium-sized wind turbines, but we are also investigating opportunities in other renewables – including solar and biomass

“Providing an opportunity to support clean energy projects is a strong attraction for many of our investors. To be recognised for delivering exceptional experiences to our customers is a great achievement and highlights the success of our projects to date. It’s a real honour to receive this award from Feefo.

“As more of our developments begin to generate power we will play an increasingly important role in supplying the UK and Ireland with sustainable energy.”

In November 2017, FRE opened the £30 million funding round for its Phase 4 development. This latest opportunity to invest remains open to new investors.

24 May 2018

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