Fuel poor homes in Scotland could benefit from a new community-owned onshore wind farm set to open in East Lothian later this year, under an innovative new Scottish government-backed scheme announced yesterday. Claimed to be one of the first deals of its kind in Scotland, the Pogbie onshore wind farm has been financed using a deal structure that supports not-for-profit energy supplier Our Power’s aims to tackle fuel poverty. The financing deal has secured £13m of debt funding to allow the acquisition and development of the Pogbie site, backed by a range of stakeholders including Mongoose Energy, Close Brothers Leasing and the Scottish Investment Bank’s Renewable Energy Investment Fund (REIF), which is supported by the Scottish Government. Once completed later this year, the 12-turbine wind farm will boast a total capacity of 9.6MW, and under the financing deal net surpluses from the project are earmarked for the benefit of communities suffering fuel poverty and other local causes, Our Power said.
Business Green 13th March 2018 read more »
A WIND turbine maker has collapsed citing international competition – and Westminster support cuts to the renewables industry. Gaia-Wind, which celebrated the roll-out of its 1000th device from Glasgow last April, has appointed a provisional liquidator. The company moved its operations to Scotland from Denmark seven years ago and had clients in countries including Tonga, Australia and Italy. Yesterday the provisional liquidator, Aberdeen’s Meston Reid and Co, was looking for a buyer in a bid to save all or part of the business and secure 12 jobs.
The National 14th March 2018 read more »
Gaia-Wind goes into liquidation, 12 jobs at risk, blaming competition from Denmark and UK Government reductions in tariffs. The Glasgow-based company also said drastic cuts in Italian and the Japanese government support for small scale wind turbines had led to a dramatic reduction in orders.
Energy Voice 13th March 2018 read more »