Scottish wind turbine manufacturer Orenda Energy Solutions is seeking to raise $25m through a series of US investment banks to build its own distributed wind farm in the UK.
Orenda is currently finalising the project financing, which will see 100 of its Skye 49kW small turbines installed across the UK from Cornwall to the Scottish Highlands to create a 4.9MW distributed wind farm.
The company said it has already identified over 100 pre-qualified UK sites stretching across the UK from Cornwall, Wales, Lancashire and throughout Scotland, stretching up to the Western Isles.
Orenda Energy Solutions chief executive Gerry Lalonde said that despite the changes made to the UK’s feed-in-tariff (FiT) regime earlier this year, it is still possible to earn adequate financial returns in this market, particularly if one operates in the sub-50kW FiT band.
“We were able to modify the patent-pending control technology on our Skye turbine to reduce the power output from a 51kW turbine to 49kW,” he said.
“This minor modification allows us to position our wind turbine at the top end of the most attractive band available in the UK for the current FiT system,” he added.
Image: Orenda Skye turbine (Orenda)
