Glasgow-based renewable energy expert Urban Wind has secured an additional £3 million investment.
Following its success in confirming funding for three major wind turbine projects last month, this takes the company’s secured investment total to £6 million this year.
The cash is being used to support clients who have successfully achieved planning consent, but lack the funding necessary to develop their sites.
The company is erecting 100-500kWp turbines for agricultural clients in Suffolk, Carmarthenshire and East Yorkshire. It has carried out more than 500 turbine installations across the UK.
UrbanWind – which also has an office in Preston – is looking to acquire more consented sites for wind turbine projects, as it continues to roll out its expansion strategy.
Paul McCullagh, Chief Executive, Urban Wind, said: “We specialise in medium-sized, land-based wind turbine technology – with proven turbines ranging from 100 – 500kWp – and securing this funding reinforces the position of medium wind technology as an attractive investment opportunity.”
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