Ventient Energy Ltd, the UK’s third largest generator of onshore wind energy, and the largest non-utility owner of onshore wind, has set up its new head office in Scotland and is viewing further UK assets.
The company was formed by combining the Zephyr Investments portfolio of 15 wind farms and 19 wind farms that were formerly owned by Infinis. These wind farms now owned by institutional investors advised by JP Morgan Asset Management.
The announcement follows completion of a restructuring which moved Zephyr Investments Ltd and associated wind farms to the newly formed Ventient Energy.
As a result of these changes, asset management services previously undertaken by Innogy Renewable from their base in Swindon on behalf of Zephyr Investments are now carried out by Ventient Energy’s team from its new headquarters in Edinburgh.
Approximately two-thirds of Ventient Energy’s power is generated in Scotland.
With 34 wind farms located from Caithness to Cornwall, comprising 507 turbines and 690MW of installed capacity, Ventient Energy supplies the equivalent of 420,000 homes annually, offsetting 0.75 million tonnes of CO2 equivalent a year.
With the creation of Ventient Energy, the top three UK onshore wind portfolios are all headquartered in Scotland, further demonstrating the economic value of the onshore wind industry to Scotland.
Ventient Energy has created 22 new jobs in the past six months in preparation for these changes and now employs a total of 44 staff – mostly in Edinburgh.
A further 13 staff are employed regionally throughout the UK on management of the wind farms, which combined, can support up to 100 maintenance contractors daily.
Scott Mackenzie, Chief Executive, Ventient Energy, said: “The UK onshore wind market is fragmented, and Ventient Energy owns only 6% of market capacity at present – so we see plenty of opportunities to grow our installed capacity through consolidation.”
- Meanwhile, Nancy McLean has been appointed Head of Offshore to lead Natural Power’s offshore business and explore new opportunities both within the UK and internationally. She previously held the role of Principal Environmental Consultant within the Dumfries-shire-based company.
28 Nov 2017