Triodos Renewables extends £5m share issue to help fund two new Scottish wind farm developments

 

Triodos Renewables' foundation work for one of two new Aberdeenshire wind farms
Triodos Renewables’ foundation work for one of two new Aberdeenshire wind farms

By DARA BUTTERFIELD

Triodos Renewables has extended its offer for private investors to co-own Scottish renewable energy investments by buying into a £5 million share offer to 30 January 2015.

Investment has already reached £2 million from over 600 individual investors and the money raised is already being put to work at several UK sites – including Clayfords and Auchtygills in Aberdeenshire.

 The two Grampian projects, near Strichen village, have been developed by TMPL – a joint venture between Triodos Renewables and Mellinsus. Foundations have been built, the turbines are due to be erected in March and generation is due to start in summer next year.

There will be one 800kW Enercon E48 turbine at both Clayfords and Auchtygills, situated on local farms. All power produced will be sold to the grid and both projects are being registered for the new UK feed-in tariff.

Matthew Clayton, Triodos Chief Executive, said; “Reaching the £2 million milestone means Triodos Renewables is able to build a further two commercial scale wind turbines, which, once built, will be able to produce enough renewable energy to power 3,000 homes.”

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