Blue Energy, have secured £10million investment from the Cooperative Bank for its latest wind farm site.
The Hill of Auquhirie site near Stonehaven in Aberdeenshire will soon be home to three Enercon e70 2.3MW turbines which will generate in excess of 17GW/h per year, enough electricity to power over 3,500 homes in the area. The annual CO2 offset will be over 8,000 tonnes.
Blue Energy’s contractors, Geddes, and Enercon’s contractors, Raymond Brown, are already on-site and are working to a completion date of December 2012. The £10million investment will give a major boost to the local economy and will create up to 12 new local jobs during the construction process and on-going operational phase.
This is the latest addition to Blue Energy’s renewable estate which includes Westmill, one of the UK’s largest solar farms.
Guy Johnston of Blue Energy commented, “We are delighted to have project financed the Auquhirie wind farm with Cooperative Bank. This is our first project in Scotland; the wind farm is due to become operational by the end of 2012 and will not only produce renewable electricity to local communities, but will create valuable jobs in the Aberdeenshire area”.
The £10million debt finance deal from Cooperative Bank is part of their Ethical Plan which commits £1bn to fund energy efficiencies and renewables.
Blue Energy are keen to help with funding for any wind farm sites with planning permission.