Tuesday 26 November 2019

Thrive Renewables buys new wind farm site in Scotland

Thrive Renewables has bought a site in Scotland that has planning permission and land rights for a new onshore wind farm.

Three turbines will be installed at Chapelton wind farm which will have a total capacity of 2.7MW and will operate without any government subsidies.

Electricity generated by the wind farm will be supplied directly through a ‘private wire’ to a local business and the power grid.

The renewable energy investment company says this provides long term, stable energy prices for businesses as well as price certainty for the wind farm operator, protecting both parties from the volatility of the energy market.

Matthew Clayton, Managing Director at Thrive Renewables adds: “We believe the ‘private wire’ model, where electricity generated from small and medium sized wind farms like Chapelton is supplied directly to local businesses, is one of the ways that we can ensure investment in renewable infrastructure continues now government support has been removed.

“We look forward to proving this new business model when the site is built and contributing to the UK’s net zero carbon emissions targets.”