Thrive funds Scottish double

Thrive Renewables has provided mezzanine loans for two wind farms in Scotland with a combined capacity of 11.5MW.

The company, which was formerly known as Triodos Renewables, worked in partnership with Renewable Energy Ventures (REV) on the deals.

Thrive Renewables said it provided the loans to compliment the senior loan from Santander on both the projects.

The partners said they have worked on the procurement and construction of the three-turbine Gevens wind farm in Kirkcaldy and will now focus on delivering the two-turbine Brotherton project near Johnshaven.

Gevens is located close to Loch Camilla and Loch Gelly, and consists of three 2.3MW Enercon E82 turbines.

All turbine components were delivered by boat, with RJ McLeod carrying out civil engineering works, Thrive said.

Brotherton will comprise two 2.3MW Enercon E82 machines and is scheduled to be operational in the summer.

AE Yates will conduct civil engineering works at the project.

The construction process at the projects has been managed by Green Cat Renewables and Greenbank Accountants, Thrive said.

REV director Nicol Stephen said: “We appreciate the knowledge, expertise, speed and certainty that Thrive Renewables has brought to these projects.

“They were able to act quickly and put an innovative loan in place which has allowed us to retain 100% ownership and helped us to realise the project in time to benefit from the ROCs available at this time.”

Image: both wind farms feature Enercon E-82 turbines (Kuehni)