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TGC Renewables, an independent renewable energy company, has completed the development of total of ten medium-scale wind turbines in Scotland in the last six months.
All ten turbines will be live, commissioned and fully operational by March 2012.
The developments, predominantly located in the Scottish county of Lanarkshire, have been constructed for investors keen to take a financial stake in future Scottish wind energy developments.
The turbines will provide a continual income at a fixed rate from returns generated under the Feed-in-Tariff for wind energy, generating a total power output of approximately 1MW.
As traditional investments have continued to suffer from reduced returns, so the fund community and wider investors are looking for new asset classes that provide an income that match market returns, while reducing risk.
As part of its offering TGC Renewables not only provides projects for the agricultural community looking for a self sufficient source of energy, but also to City investors keen to take advantage of an alternate source of investment income.
“The success of medium-scale wind turbine installations is entirely dependent on the right turbine being married up with
the right site,” said Roy Amner, Director, TGC Renewables. “A strong wind profile means that the turbine spends more of its time generating energy, thereby ensuring that returns under the UK Feed in Tariff (FiT) are fully utilised.”
“TGC Renewables prides itself on the quality of its due diligence in site selection, and its ability to complete projects to a high standard in a relatively short space of time.”
The ten sites collectively include six 50KW Endurance and four 100KW Northern Power units. All the sites have already either been connected to or have secured connections to the local grid.
Founded in 2006, TGC Renewables is one of the most experienced renewable developers in the UK with in-house project planning, finance and development experience.
In 2011, TGC Renewables connected over 2MW of wind and solar initiatives to the UK grid.