Wind Energy Direct UK Secures €20 million investment
April 8th, 2011ESB Novusmodus leads €20m funding into Wind Energy Direct
Investment will lead to the installation of on-site turbines with large energy users
ESB Novusmodus has today announced that it is leading a €20m investment in ‘on-site’ wind energy developer Wind Energy Direct (WED).
The funds will be used for the development of on-site wind projects for large energy users across Ireland and Great Britain, adding up to 75MW of wind generation capacity. WED’s business model focuses on the installation of turbines at locations with a significant energy requirement such as manufacturing facilities, hospitals, data centres etc. WED plans to invest approximately €100m in total over the next three years.
The company’s innovative offering allows its customers to lock in their energy costs at current levels for 5, 10, or 15 years, breaking the link with energy inflation. In addition, each MW installed reduces carbon emissions by up to 1500 tonnes of CO2 per annum allowing the host company to play its part in climate commitments, all without any capital outlay on their part – WED will construct, own and operate the turbines.
Announcing the funding, Michael Aherne of ESB Novusmodus said: “WED will allow businesses to maximise the opportunity for auto-generation and for exploitation of their wind and land resources with a well funded, expert developer. Their offering represents an excellent economic and environmental proposition for large energy users at a time when we need to move from our over-dependency on fossil fuels.”
Welcoming the investment, Wind Energy Direct Managing Director, Dominic Costello said: “This is a significant vote of confidence in Wind Energy Direct, from one of the most experienced energy suppliers. The investment brings together WED’s business model and entrepreneurial spirit in the renewable energy field with the financial and technical strength of ESB Novusmodus.
The development of our pipeline of projects will lower energy costs for our customers, hedge them against the volatile energy market, help reduce emissions, create 10 new jobs immediately bringing the WED team to 20 and create over 80 indirect jobs. In addition, I would like to acknowledge Enterprise Ireland and Sustainable Energy Authority of Ireland for their support since our inception five years ago.”
Planning Permission granted to WED in Bo’Ness Scotland
January 6th, 2011Planning Permission granted to WED for a Wind Mast at A.W. Jenkinsons Woodwaste Ltd, Bo’Ness Scotland
Wind Energy Direct is a UK wind energy company based in Edinburgh, Wind Energy Direct specialises in installing wind turbines on business and industrial sites throughout the United Kingdom.
Planning Permission granted to WED in Fife, Scotland
December 23rd, 2010Planning Permission granted to WED for a Wind Mast at Belliston Quarry Company Ltd, Belliston Quarry, Fife, Scotland
Wind Energy Direct is a UK wind energy company based in Edinburgh, Wind Energy Direct specialises in installing wind turbines on business and industrial sites throughout the United Kingdom.
Wind Mast Installed by WED in Fife, Scotland
December 14th, 2010Wind Mast Installed by WED at Belliston Quarry Company Ltd, Devon Quarry, Kennoway, Fife, Scotland
Wind Energy Direct is a UK wind energy company based in Edinburgh, Wind Energy Direct specialises in installing wind turbines on business and industrial sites throughout the United Kingdom.
Planning Permission granted to WED in Kinglassie, Scotland
December 13th, 2010Planning Permission granted to WED for a Wind Mast at Realm Construction, Kinglassie, Scotland
Wind Energy Direct is a UK wind energy company based in Edinburgh, Wind Energy Direct specialises in installing wind turbines on business and industrial sites throughout the United Kingdom.
Larry Staudt Outlines Energy Future
November 15th, 2010Larry Staudt, Director of Centre for Renewable Energy at Dundalk IT & Non-Executive Board Director of Wind Energy Direct, outlined Scenarios for Ireland’s Energy Future and concluded that the only sustainable future is in Renewables. Larry challenged policy-makers and business leaders to face up to this reality and make the necessary Capital Investment now while Energy is still relatively cheap.
To read more Larry Staudt’s speech please click here
Wind Energy Direct is a UK wind energy company based in Edinburgh, Wind Energy Direct specialises in installing wind turbines on business and industrial sites throughout the United Kingdom.
Wind Mast Installed by WED in Dunblane, Scotland
October 29th, 2010Wind Mast Installed by WED at Inn’s of Balahaldie, Dunblane, Scotland
Wind Energy Direct is a UK wind energy company based in Edinburgh, Wind Energy Direct specialises in installing wind turbines on business and industrial sites throughout the United Kingdom.
Wind Mast Installed by WED in Melton Mowbray , England
October 21st, 2010Wind Mast Installed by WED at M & D Shouler, Melton Mowbray , England
Wind Energy Direct is a UK wind energy company based in Edinburgh, Wind Energy Direct specialises in installing wind turbines on business and industrial sites throughout the United Kingdom.
Wind Mast Installed by WED in Clonmel, Ireland
September 27th, 2010Wind Mast Installed by WED at Pharmaceutical Clonmel, Clonmel, Ireland
Wind Energy Direct is a UK wind energy company based in Edinburgh, Wind Energy Direct specialises in installing wind turbines on business and industrial sites throughout the United Kingdom.
Wind Mast Installed by WED in Listowel, Ireland
April 13th, 2010Wind Mast Installed by WED at Kerry Ingredients, Listowel, Ireland
Wind Energy Direct is a UK wind energy company based in Edinburgh, Wind Energy Direct specialises in installing wind turbines on business and industrial sites throughout the United Kingdom.
