The first fully-funded turbine project developed by Glasgow-based developer Urban Wind following a £30 million investment from Zouk Capital has begun to generate power.
After securing planning consent for a turbine on the property in 2014, the landowner, a farmer in Leven, Fife, turned to UrbanWind’s to finance development of a 500kW turbine.
Construction involved a team of 10 engineers and took seven weeks from the initial breaking ground and laying the concrete foundations through to completion.
After completing the foundations, the collective teams moved on to installing the 67m direct-drive turbine, as well as a control cabinet and the necessary infrastructure to connect it to the national grid.
The landlord will receive a guaranteed rental payment over the 20-year lifespan of the project and will also have the opportunity to utilise electricity generated by the turbine at a fraction of the cost of that supplied by mainstream energy providers.
Paul McCullagh, Chief Executive, UrbanWind, said: “We are delighted to see the first of our collaborative projects with Zouk Capital reach completion and to begin providing benefit to a landowner, who otherwise may have found the costs involved with purchasing a turbine outright prohibitive.
“We are now starting to bring an increasing number of wind turbine technology plans off the drawing board and into reality on sites across the country and we look forward to numerous other fully-funded turbines joining our fleet in the near future.”
Produced by Dutch turbine manufacturer Emergya Wind Technologies, the turbine will produce 1.8 million kWh of renewable energy per annum – enough to provide power for around 90 households.
Over the 20-year predicted lifespan of the project, the turbine is set to save in excess of 17,200 tonnes of CO2, the equivalent of taking 200 motor vehicles off the road for the same period.